Our fund is certified and audited semi-annually by a board of Islamic researchers. This audit yields a certificate approving the ETF’s structure, then reviewed and signed by a committee of Shariah scholars. The certificate (called a Fund Fatwa) verifies our ETF as a Shariah-compliant fund.
Canada’s first Shariah-compliant ETF
Every company in our fund (WSHR) derives less than 5% of their income from alcohol, tobacco, pork-related products, weapons, conventional banking or insurance companies and adult entertainment. The fund’s returns are shared equitably among all investors — meaning no preferential treatment for certain investors.
We’ll keep your investments compliant
We conduct quarterly reviews to remove companies that are no longer Shariah-compliant and add new ones that are. Twice a year, our fund is audited by a third party to ensure accuracy and correct any non-compliant transactions. Dividend purification information is calculated by a third-party and is published on a quarterly basis.
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