Is Wahed Dow Jones Islamic World ETF (UMMA) halal?
UMMA (Wahed Dow Jones Islamic World ETF) gives Shariah-screened exposure to global developed-market equities, complementing a US-focused fund like HLAL.
Provider: Wahed
Why ETFs are screened differently
An ETF holds dozens or hundreds of underlying securities, so its halal status depends on (1) whether those holdings are individually Shariah-compliant, (2) whether the fund screens and purifies, and (3) the fund's own structure (e.g. interest earned on cash). You can't judge it with a single company's debt-to-market-cap ratio — which is why HalalGauge shows a curated summary for funds rather than a company screen.
Other ETF tickers
HalalGauge surfaces published scholarly methodologies with full sourcing; it does not issue fatwa or certify any security as halal. Verify with a qualified scholar before investing.