iShares $ Sukuk UCITS ETF USD (Dist)

iShares $ Sukuk UCITS ETF USD (Dist) is a UCITS-compliant exchange-traded fund that seeks to replicate the performance of the J.P. Morgan EM Aggregate Sukuk Index by investing primarily in USD-denominated sukuk from emerging market issuers. Sukuk, Islamic bonds structured to comply with Sharia principles, provide investors with exposure to fixed-income instruments from sectors like energy, utilities, banking, and government entities across 13 countries, led by Saudi Arabia (34.65%), United Arab Emirates (22.03%), and Indonesia (7.87%). Notable holdings include sukuk from entities such as Saudi Arabian Oil, Islamic Development Bank, Public Investment Fund, and Turkish issuers. The ETF distributes semi-annual dividends in USD, offering a forward yield around 4.8-5.0%, with a total expense ratio of 0.40% p.a. Launched in January 2024 and domiciled in Ireland, it manages approximately USD 116 million in assets, playing a key role in providing Sharia-compliant income opportunities within global fixed-income markets for diversified emerging market sukuk exposure.