Wahed FTSE USA Shariah ETF
HLAL
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 125 Maiden Lane, Suite 5C New York NY United States of America 10038
- IPO Date
- Jul 16, 2019
- CIK
- 0001683471
- Website
- wahed.com
- Similar Companies
- Business
- Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that seeks to track the total return performance of the FTSE USA Shariah Index, comprising common stocks of large- and mid-capitalization U.S. companies screened for Shariah compliance based on business activities and financial ratios, excluding sectors such as conventional finance, alcohol, pork-related products, casino management, adult entertainment, tobacco, and weapons. The ETF offers passive investment exposure to Shariah-compliant U.S. equities with a low expense ratio of 0.50%, annual dividend distributions, and holdings concentrated in leading technology and healthcare firms including Microsoft Corporation (approximately 15%), Apple Inc. (approximately 14%), Meta Platforms Inc., Alphabet Inc., and Tesla Inc.; it features 198 holdings rebalanced quarterly, with a focus on growth-oriented sectors exhibiting higher balance sheet quality. Launched on July 16, 2019, and domiciled in the United States, HLAL trades on NASDAQ under the ticker HLAL, with Wahed Invest LLC serving as investment advisor, U.S. Bancorp Fund Services, LLC as administrator, U.S. Bank National Association as custodian, and Quasar Distributors, LLC as distributor. Operated by Wahed Invest LLC, a New York-headquartered fintech founded in 2015 specializing in accessible Shariah-compliant investing platforms, HLAL targets faith-aligned investors seeking ethical exposure to U.S. markets while adhering to Islamic principles certified by independent Shariah scholars. The fund emphasizes global accessibility, including a 2022 partnership with Leverage Shares to launch a London Stock Exchange-listed ETP replicating HLAL's strategy for UK and European investors. In November 2025, Wahed expanded its Shariah-compliant offerings through a strategic alliance with KraneShares to launch KWIN, a new alternative income ETF, underscoring ongoing product innovation and growth in halal investment solutions. HLAL maintains a focus on U.S. equity markets without noted subsidiaries or parent entities beyond Wahed Invest LLC's oversight.