Hejaz Equities Fund Active ETF

The Hejaz Equities Fund Active ETF, with the ticker ISLM, is designed for investors looking to align their investments with Islamic principles. Unlike traditional ETFs that track a specific index, this fund actively selects a diverse range of stocks that comply with Shariah law, meaning it avoids companies involved in activities like gambling, alcohol, and interest-based finance. Managed by Hejaz and EQT, the fund aims to provide ethical investment opportunities while charging a management fee of 1.89%. This approach allows investors to potentially benefit from market growth while adhering to their ethical and religious values.