malakfinancialcoach
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A total stock market index funds invests in all the sectors and all industries in the stock stock market, including industries that are not Shariah-Compliant.
So please avoid it. Sone index funds you can choose are:
US:
ETFs
-Wahed FTSE USA Shariah ETF (Ticker Symbol: HLAL)
-The SP Funds S&P 500 Sharia Industry Exclusions ETF (Ticker Symbol: SPUS)
-Wahed Dow Jones Islamic World ETF (Ticker Symbol: UMMA)
Mutual Funds to Consider:
-Amana Mutual Funds
- Azzad Mutual Funds
UK:
-iShares MSCI USA Islamic UCITS ETF (ticker: ISUS) (US Markets ETF)
-iShares MSCI World Islamic UCITS ETF (ticker: ISWD) (Developed Markets ETF)
-ISDE (Emerging Markets Stocks ETF)
-AMAP AMAL (Mainly Developed Markets ETF)
Mutual Funds
-HSBC Islamic Global Equity Index (Mainly Developed Markets Stocks Mutual Fund)
- Schroders Islamic Global Equity Fund (Mainly Developed Markets Stocks Mutual Fund)
Canada
- Wealthsimple’s World Equity Index ETF (WSHR)
Australia
- None on the Australian Stock Exchange
- You will likely have to invest in options on the halal options US or UK stock market
malakfinancialcoach
Nov 16
427
5.2K
41.8%
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