ISDU

Wahed Dow Jones Islamic US ETF

HALAL — DATA INCOMPLETEetf

Is ISDU Halal?

US large-cap Sharia ETF.

What You Should Know

ISDU is the London-listed share line for the iShares MSCI USA Islamic UCITS ETF, not a Wahed Dow Jones product. The May 31, 2026 iShares factsheet confirms the Islamic index objective; fund-level financial fields are not exposed in a reproducible unit, so the quantitative record remains incomplete.

⚠️ Concerns

  • Tracking difference from conventional indexes
  • Existing route identity corrected to iShares ISDU share line
  • Fund-level financial placeholders are not evidence of a pass

Current quantitative Sharia screen

Based on Issuer factsheet figures for the period ended 2026-05-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 1

Cash + interest-bearing securities / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 1

Receivables + cash / assets
0.00%Within limit
Below 50% under FTSE Yasaar

0 / 1

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

Fund-level asset, debt, liquidity, receivable and income inputs are not reproducibly reported in the factsheet; look-through activity remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Placeholder proxy ratios are 0.00%, but the factsheet does not supply complete fund-level lines and the underlying portfolio requires look-through review.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Placeholder proxy debt/assets and liquidity/assets are below the examined Malaysia limits; complete fund-level data are unavailable.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical fund look-through market-cap series is not stored.

Business-activity disclosure

ISDU is the London-listed share line for iShares MSCI USA Islamic UCITS ETF. The retained qualitative HALAL verdict reflects its Islamic index objective, while holdings, purification and methodology differences require review.

Limitation: The factsheet does not provide a universal underlying prohibited-revenue numerator or complete fund-level financial statement for this record.

Purification

The accessible factsheet does not provide a universal underlying prohibited-income allocation; ZakatInvest does not invent a purification percentage.

Inputs, assumptions and primary sources
  • The May 31, 2026 iShares factsheet provides current holdings, NAV and fund characteristics but the accessible factsheet does not expose a complete fund-level balance-sheet statement in a reproducible asset unit.
  • A totalAssets value of 1 is a documented placeholder, not a claim about the fund's actual size; unreported cash, debt, receivables and operating revenue remain zero placeholders.
  • ISDU is the London Stock Exchange ticker for the iShares MSCI USA Islamic UCITS ETF; the existing route is retained and the underlying fund identity is corrected here.
  • The product tracks an MSCI Islamic index, but ZakatInvest does not treat issuer marketing as an official classification under every school or methodology.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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