Is UMMA Halal? UMMA ETF Review
Wahed Dow Jones Islamic World ETF
The short answer
UMMA is marketed as a Shariah-compliant ETF by Wahed. It uses dow jones islamic market screens with wahed shariah oversight and provides developed- and emerging-market equities outside the united states. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
UMMA key facts
- Full name
- Wahed Dow Jones Islamic World ETF
- Issuer
- Wahed
- Exchange
- Nasdaq
- Domicile
- United States
- Exposure
- Developed- and emerging-market equities outside the United States
- Index / approach
- Dow Jones Islamic Market International Titans 100 Index
- Expense ratio
- 0.65%
- Income treatment
- Distributing
What UMMA owns
UMMA is an international ex-US equity fund rather than another US-market substitute. Its concentrated 100-company benchmark blends developed and emerging markets and can complement SPUS or HLAL.
Where it can fit
An international satellite or companion holding beside a US halal equity allocation.
A fund's role is more important than its ticker: compare geographic coverage, asset class, concentration, income treatment, tax domicile, and trading access before combining ETFs.
Shariah screening
Dow Jones Islamic Market screens with Wahed Shariah oversight. The fund issuer is responsible for its stated methodology and governance. Compliance can change as holdings, company finances, index rules, and scholarly judgments change.
Why investors consider UMMA
- Adds non-US companies through a US-listed vehicle
- Includes both developed and emerging markets
- Wahed publishes fund-level Shariah documentation
Risks and trade-offs
- Currency movements affect US-dollar returns
- A 100-company index is less diversified than a broad global benchmark
- Country and emerging-market risks can raise volatility
Verify the primary source
Fund details can change after our July 11, 2026 review. Confirm the latest prospectus, fee, holdings, distribution policy, Shariah certificate, and exchange line with the issuer.
Wahed — UMMA fund pageUMMA frequently asked questions
Is UMMA halal?
UMMA is marketed as a Shariah-compliant ETF by Wahed. It uses dow jones islamic market screens with wahed shariah oversight and provides developed- and emerging-market equities outside the united states. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
What does UMMA invest in?
UMMA provides developed- and emerging-market equities outside the united states. Its benchmark or approach is Dow Jones Islamic Market International Titans 100 Index.
What is the UMMA expense ratio?
The issuer materials reviewed on July 11, 2026 list 0.65%. Verify the current figure before investing because fees can change.
What role can UMMA play in a halal portfolio?
An international satellite or companion holding beside a US halal equity allocation.