iShares (BlackRock) iShares MSCI World Islamic UCITS ETF (ISWD)

The longest-listed Islamic ETF on the London Stock Exchange (10 December 2007): an Irish-domiciled UCITS ETF from iShares II plc physically replicating the MSCI World Islamic Index of developed-market Shariah-compliant stocks. TER 0.30%, around USD 1.04 billion in assets (April 2026 factsheet), roughly 398 holdings, semi-annual distributions and UK reporting status; trades in GBP (ISWD) and USD (ISDW) lines on the LSE, is ISA and SIPP eligible, and can be bought commission-cheap on any UK stockbroker from one share (Fidelity minimum GBP 25). MSCI's Islamic methodology is more conservative than Dow Jones on financial screens, producing a notably different portfolio: US weight around 66% with meaningfully higher energy and materials exposure than DJ Titans trackers.

ISWD is the value pick of UK halal equity: 0.30% with a scholar panel most investors never bother reading about, tradable in any ISA. Its personality differs sharply from the HSBC/DJ Titans axis - the MSCI Islamic methodology cuts deeper on financial ratios, keeps more old-economy exposure and has historically lagged in tech-led rallies while cushioning better in rate shocks. The distributing structure is the practical annoyance (and quiet virtue: distributions make purification arithmetic explicit). For a two-fund halal core, ISWD plus ISDE covers the world at a blended cost no packaged product approaches.