iShares MSCI World Islamic UCITS ETF USD (Dist)

iShares MSCI World Islamic UCITS ETF USD (Dist) is an exchange-traded fund designed to track the performance of the MSCI World Islamic Index, which comprises large- and mid-cap companies from developed markets that adhere to Shari’ah-compliant investment principles. Launched on December 7, 2007, and domiciled in Ireland, the fund employs a physical full replication strategy, investing directly in the index's component securities while ensuring compliance with Islamic financial guidelines that exclude sectors like alcohol, tobacco, pork-related products, conventional finance, and excessive leverage. It distributes dividends semi-annually, providing investors with income alongside potential capital appreciation, and maintains a total expense ratio of 0.53% with assets under management around £700 million. Spanning diversified sectors permissible under Shari’ah, such as technology and healthcare, the ETF offers global equity exposure across developed economies including the US, Europe, and Japan. Registered in multiple jurisdictions like the UK, Germany, and Switzerland, it plays a key role in enabling Shari’ah-conscious investors to access broad, screened international equities through a cost-effective, UCITS-compliant vehicle.