(HLAL) Wahed FTSE USA Shariah - NASDAQ
ETF Category: Large Blend | Exchange: NASDAQ (USA) | Market Cap: 906m USD | Total Return: 38.9% in 12m
Avg Turnover: 4.48M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Wahed FTSE USA Shariah ETF (HLAL) tracks an index of large- and mid-capitalization U.S. equities screened for compliance with Islamic principles. The fund typically invests at least 80% of its assets in index components and operates as a non-diversified investment vehicle. To maintain Shariah compliance, the fund excludes businesses involved in conventional finance, gambling, alcohol, tobacco, and adult entertainment.
The selection process involves rigorous financial ratio filtering, specifically targeting companies with low debt-to-equity ratios and limited interest-bearing income. This methodology often results in a higher concentration within the technology and healthcare sectors compared to traditional broad-market indices. Investors can further analyze these underlying holdings and valuation metrics on ValueRay.
- Tech sector performance dictates returns due to heavy concentration in growth stocks
- Interest rate volatility impacts valuations of high-multiple constituent technology companies
- Shariah compliance screens exclude high-leverage firms during periods of credit expansion
- Periodic index rebalancing triggers volatility in large-cap healthcare and technology holdings
- Domestic consumer spending trends drive revenue for major non-financial index constituents
As of June 20, 2026, the stock is trading at USD 71.84 with a total of 48,571 shares traded.
Over the past week, the price has changed by +2.02%,
over one month by +2.98%,
over three months by +18.70% and
over the past year by +38.91%.
Wahed FTSE USA Shariah has no consensus analysts rating.