Wahed Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Wahed is in HalalWallet's independent directory with 2 products we currently list in Investing, using Index-based. We do not invent a contract structure when the listing does not name one. Confirm terms and Shariah documentation with Wahed.
Opens provider's site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Wahed - At a Glance
2
Products Reviewed
10
Provinces Served
1
Category
Shariah Compliance Review
Oversight Level
Third-Party Certified - externally verified for compliance
Wahed operates under a Shariah Supervisory Board composed of multiple Islamic finance scholars who review investment strategies and approve portfolios for Sharia compliance.
Shariah compliance should always be verified directly with Wahed. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Bottom Line
Review the products listed above and compare Wahed with other providers. Confirm terms and Shariah documentation directly with Wahed.
Products from Wahed
Wahed
Wahed Dow Jones Islamic World ETF
UMMA is one of the few single-ticker routes to Shariah-compliant international equity: roughly 100 non-US names from developed and emerging markets, loosely tracking the Dow Jones Islamic Market International Titans 100 with ESG data formally incorporated - Wahed markets it as the first US-listed Islamic ETF to do so. Net assets reached $285M in August 2026. The 0.65% expense ratio is the highest among major halal ETFs, the price of active international management. Nasdaq-listed since January 2022 with quarterly distributions.
Opens provider site - no obligation
Wahed
Wahed FTSE USA Shariah ETF
HLAL is Wahed's flagship ETF and the second-largest halal equity fund in North America at $914M in net assets (August 2026). It passively tracks the FTSE USA Shariah Index - about 200 US stocks passing FTSE's business-activity and financial-ratio screens certified by Yasaar Limited - at a 0.50% expense ratio. Nasdaq-listed since July 2019, it distributes annually, publishes quarterly purification amounts, and sits under Wahed's three-scholar Shariah Supervisory Board. Canadians buy it in USD through any brokerage with US market access.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Halal verdicts for Wahed's funds
Our AAOIFI-based Shariah screen - business activity, financial ratios, purification, and where scholars differ - for the specific funds Wahed offers.
Where Available
Based on listings we track, Wahed is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with Wahed.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and province availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Wahed is in HalalWallet's independent directory for Investing, with listings covering 10 provinces. Structures we list: Index-based. Confirm terms and Shariah documentation directly with Wahed.
- Wahed currently has 2 products in our listings (Investing).
- Coverage we list: 10 provinces.
- Contract structures we list: Index-based.
- Always verify compliance directly with Wahed and consult qualified Islamic finance advisors when needed.
- Compare Wahed with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.ca)
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
How to cite this page
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For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Wahed offer?
Wahed has 2 products we currently list across 1 category. Structures we list: Index-based. Review the products listed above for current offerings. Confirm terms directly with Wahed.
How does Wahed ensure Shariah compliance?
Review Wahed's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Wahed and consult with qualified Islamic finance advisors for guidance on specific products.
Is Wahed available in my province?
Based on listings we track, Wahed is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with Wahed.
Are Wahed's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Wahed?
Visit Wahed at www.wahed.com/umma, or use the product links on this page.
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