Wahed FTSE USA Shariah ETF (HLAL)
Wahed FTSE USA Shariah ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $72.93, up 0.31% on the session, giving a market capitalisation of $964.1M. Its beta of 1.03 implies it has historically moved more than the broad market.
The underlying index tracks equity shares issued by prominent large and mid-sized American corporations. These firms are selected for their adherence to Shariah law and Islamic principles, based on the interpretations of religious scholars and specialists. Typically, a minimum of 80% of the fund's total capital will be allocated to the specific securities making up this index. This investment vehicle is designated as non-diversified.
Wahed FTSE USA Shariah ETF is most often compared with the following Financial Services names: