What is Wahed Dow Jones Islamic World ETF's Shariah compliance score?

Wahed Dow Jones Islamic World ETF (UMMA) has a Shariah compliance score of 78/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Wahed Dow Jones Islamic World ETF pass AAOIFI screening?

Wahed Dow Jones Islamic World ETF (UMMA) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (UMMA: 0.0%), (3) interest-bearing deposits below 30% (UMMA: 0.0%), and (4) prohibited income below 5% (UMMA: 1.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Wahed Dow Jones Islamic World ETF stock?

Wahed Dow Jones Islamic World ETF (UMMA) has a non-permissible income ratio of 0.96%. Muslim investors should purify this percentage of any dividends received and capital gains realized from UMMA shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Wahed Dow Jones Islamic World ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Wahed Dow Jones Islamic World ETF (UMMA) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about UMMA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Wahed Dow Jones Islamic World ETF (UMMA) halal? Halal. Based on AAOIFI screening, Wahed Dow Jones Islamic World ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

UMMA: Is Wahed Dow Jones Islamic World ETF Halal?

Halal

Wahed Dow Jones Islamic World ETF

NASDAQFinancial ServicesUS

$38.95

+0.30%

About Wahed Dow Jones Islamic World ETF

This actively managed Exchange-Traded Fund (ETF) strategically invests in the equity securities of companies around the globe, with the specific exclusion of those domiciled in the United States. A core principle of its investment strategy is to select companies that fully comply with Shariah law and Islamic principles, as interpreted by subject-matter experts. The fund aims to mirror the composition and performance of the Dow Jones Islamic Market International Titans 100 Index by investing in similar securities. It is important to note that this fund is non-diversified.

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 2026

B+

Good

Good compliance with minor concerns

78Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)

0.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

•Basket look-through: 80.3% halal, 4.3% doubtful, 1.3% haram, 14.1% unknown

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Basket Composition

86% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

80%

15%

Halal80%

Doubtful4%

Haram1%

Unknown15%

Top Holdings

TSMTSMChalal16.23%SSNLFSamsung Electronics Co Ltdhalal5.88%ASMLASML Holding NVhalal5.26%IFNNYInfineon Technologies AGhalal4.22%SK hynix Incunknown3.12%RHHBYRoche Holding AGhalal3.05%AZNAstraZeneca PLChalal3.02%NVSNovartis AGhalal2.98%NSRGYNestle SAdoubtful2.58%BHPBHP Group Ltdhalal1.98%

Compliance History

Halalnow
current status
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 11, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Purify Your UMMA Dividends

1.0% non-compliant income

UMMA has 1.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

288.3M

Price

$38.95

Sector

Financial Services

Industry

Asset Management - Global

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Frequently Asked Questions

Is Wahed Dow Jones Islamic World ETF (UMMA) halal to invest in?

Based on AAOIFI Standard 21 screening, Wahed Dow Jones Islamic World ETF (UMMA) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Wahed Dow Jones Islamic World ETF get a B+ compliance rating?

Wahed Dow Jones Islamic World ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Wahed Dow Jones Islamic World ETF's Shariah verdict?

Wahed Dow Jones Islamic World ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Wahed Dow Jones Islamic World ETF re-screened for Shariah compliance?

Wahed Dow Jones Islamic World ETF (UMMA) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 11, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.