KraneShares Wahed Alternative Income Index ETF
KWIN
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- Kraneshares Trust - Wahed Short-Term Alternative Income Index ETF (KWIN) is an exchange-traded fund that seeks to track the performance of the Wahed Short-Term Alternative Income Index, providing investors with exposure to Shariah-compliant short-term alternative income strategies focused on fixed income alternatives, cash equivalents, and income-generating assets that adhere to Islamic finance principles; including sukuk (Islamic bonds), commodity murabaha, and short-duration waqf-linked instruments; while maintaining liquidity and capital preservation. The ETF offers diversified holdings across Shariah-screened issuers in sectors such as real estate, commodities, and money market equivalents, targeting institutional and retail investors seeking halal income solutions with low volatility and monthly distributions. KWIN operates primarily in the United States market, with global exposure to Shariah-compliant securities from regions including the Middle East, Asia, and North America, and is headquartered in New York, New York, under the sponsorship of KraneShares Trust, which was established in 2013 as part of Krane Funds Advisors LLC's suite of thematic and emerging market ETFs. In a recent development within the last year, KWIN launched trading on major U.S. exchanges in late 2024, marking KraneShares' expansion into the growing halal investment space through its strategic alliance with Wahed Invest LLC, a leading Shariah-compliant digital wealth manager; this partnership integrates Wahed's proprietary index methodology to deliver one of the first U.S.-listed ETFs dedicated to short-term alternative income compliant with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards. Additionally, the fund benefited from a capital infusion tied to Wahed's broader funding round in 2024, enhancing its assets under management and supporting product enhancements like improved yield optimization algorithms for murabaha transactions. These changes position KWIN as a key offering in the $4 trillion global Islamic finance industry, serving Muslim investors and ESG-focused institutions amid rising demand for ethical fixed-income alternatives.