iShares MSCI World Islamic ETF

$ISWD (+0,94 %) Do you have any recommendations for European securities that are Sharia compliant? The large proportion of the USA bothers me

$ISWD (+0,94 %)

Hi everyone,

Do you know of any other ETFs that are classified as "Sharia-compliant"?

Yesterday and today I spent some time looking into the methodology behind shariah screening for Islamic financial products.

I noticed a small detail.

As a rule, a company is screened for how much debt / interest-bearing securities it has (up to 33% is OK) and how much of its turnover is generated by:

Alcohol, Adult Entertainment, Cinema, Conventional Financial Services, Defense / Weapons, Gambling / Casino, Hotels, Music, Online Dating, Pork related products and Tobacco. (up to 5% is OK)

So there is no country screening... but you will not find a company from a specific country. Since the MSCI Islamic Index only recognizes 22 and not 23 developed countries...

Why all other MSCI indices that have "World" in their name have 23 countries, but not this one index, I can't say. Do you have any ideas? 🤔

$ISWD (+0,94 %)

$IWDA (+1,13 %)

Hey, what do you guys actually think about Islamic ETFs?

I often read here that some ETFs are highly recommended, but never to the Islamic ETFs.

If I would invest in ETFs, then one of those: $ISUS (+0,99 %)
$ISWD (+0,94 %) and $ISDE (+0,76 %) , simply for religious reasons.

I think very few, even none at all is invested there, because there are simply also better ETFs, or growth starchers.

What is your opinion about these Islamic ETFs?