Wahed FTSE USA Shariah ETF

HLAL

Market cap $911M

For investors seeking to align their financial decisions with their personal values, faith-based ETFs may present a unique opportunity. However, understanding the fee structures associated with these funds is necessary for making informed choices.

HLAL is a Shariah-compliant ETF offering broad U.S. market exposure with a focus on low debt and ethical business practices. The fund tracks the FTSE USA Shariah Index, emphasizing tech and healthcare sectors, with Apple and Microsoft comprising nearly 30% of the portfolio. HLAL's sector allocation favors tech (56.6%) and healthcare (12.2%), avoiding industries like alcohol, tobacco, and conventional financial services.