iShares MSCI USA Islamic ETF

The iShares MSCI USA Islamic ETF is an exchange-traded fund designed to provide investors with exposure to U.S. companies that comply with Sharia, or Islamic law. This ETF's primary function is to track the performance of the MSCI USA Islamic Index, which includes a selection of large and mid-cap companies across various sectors, excluding businesses involved in alcohol, gambling, pork, and financial services that charge interest, among others. This makes it a significant tool for investors seeking to align their portfolios with Islamic investment principles while diversifying across the U.S. equity market. The fund impacts numerous sectors, including technology, healthcare, and consumer goods, offering a diversified approach while maintaining religious compliance. Established as part of the iShares family by BlackRock, one of the largest asset management firms, this ETF holds a notable role in facilitating global access to Sharia-compliant investment opportunities, underlining its importance in Muslim-majority regions and among ethical investors globally.