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How we choose the securities?

Our recommendations are based on the Nobel Prize winning Modern Portfolio Theory (MPT).

US Equity

Dividend Equity

Emerging Markets Equity

Commodities

Fixed Income

  • Overview
  • Performance
  • Exposure
  • Shari'ah Board

USA Stocks

The U.S. exposure covers the total U.S. market and measures the performance of all large and mid- cap stocks that comply with Islamic principles. This asset class helps investors participate in the long-term growth of the U.S. market.

Reasons we chose this Asset Class:

  • Direct and diversified investment in US companies that comply with Islamic investment principles
  • US stock market exposure, the world's largest stock market
  • Overseen by world leading scholars
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Consumer Discretionary 9.4
Information Technology 33.3
Communication 3.3
Health Care 22.3
Cash and Equivalents 2.4
Consumer Staples 10.9

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

  • Overview
  • Performance
  • Exposure
  • Shari'ah Board

Dividend Stocks

Dividend stocks are investments primarily in dividend-paying common stocks, including foreign stocks. These are diversified investments across industries and companies, and generally follow a large-cap value investment style.

Reasons we chose this Asset Class:

  • Direct and diversified investment in companies that provide consistent dividends.
  • Investments in foreign stocks that comply with Islamic investment principle.
  • Market Liquidity
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Consumer Discretionary 6.9
Industrials 25.3
Cash and Equivalents 2.4
Materials 19.0
Health Care 18.0
Consumer Staples 16.6
Information Technology 10.8
Energy 1.0

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

  • Overview
  • Performance
  • Exposure
  • Shari'ah Board

Emerging Market Stocks

Emerging market stocks provide a great potential for geographic diversification and growth. This asset class comes with higher risk than the developed market stocks, yet can also provide higher returns due to the rising economic output and market capitalization of emerging markets.

Reasons we chose this Asset Class:

  • Direct and diversified investment in emerging market companies that comply with Islamic investment principles
  • Provides exposure to emerging market economies, which are not as mature as developed economies, thereby potentially offering higher returns
  • Overseen by world leading scholars
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Materials 12.67
Health Care 14.3
Consumer Staples 14.3
Cash and Equivalents 15.2
Energy 2.5
Consumer Discretionary 20.7
Information Technology 4.2
Financials 5.6
Industrials 6.1
Utilities 7.3
Communication 9.7

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

  • Overview
  • Performance
  • Shari'ah Board

Gold

Commodities as an asset class have had historically low correlation with stocks and bonds. Currently we have only included gold to represent this asset class. Gold provides the potential for long-term capital appreciation as well as acts as an inflation hedge. Research has proved that gold has a weak correlation with other asset classes. The gold ETF included in our portfolio effectively captures the price volatility of gold in the spot market, thereby generating a return that is equivalent to the returns in the spot market.

Reasons we chose this Asset Class:

  • Diversification benefit
  • Direct exposure to gold prices
  • Overseen by our trusted Ethical Review Board
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

  • Overview
  • Performance
  • Shari'ah Board

Fixed Income

The essence of Sukuk is to provide Ethical compliant instruments for investments which do not involve interest and excess uncertainty. It is a primacy of equity financing. The Sukuk holder has an ownership on the underlying asset which is entitled for revenues generated from the Sukuk asset unlike the bondholder who is eligible to receive interest payments by the bond issuer. The Sukuk limits the value of debt to that of the underlying. It must be asset backed or asset based and interest free.

Reasons we chose this Asset Class:

  • Limits debt to value of underlying asset
  • Interest free
  • Islamic based
  • Primacy of equity financing
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

Emerging Markets Equity

Emerging Market Stocks

Emerging market stocks provide a great potential for geographic diversification and growth. This asset class comes with higher risk than the developed market stocks, yet can also provide higher returns due to the rising economic output and market capitalization of emerging markets.

Reasons we chose this ETF:

  • Direct and diversified investment in emerging market companies that comply with Islamic investment principles
  • Provides exposure to emerging market economies, which are not as mature as developed economies, thereby potentially offering higher returns
  • Overseen by world leading scholars
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Materials 12.67
Health Care 14.3
Consumer Staples 14.3
Cash and Equivalents 15.2
Energy 2.5
Consumer Discretionary 20.7
Information Technology 4.2
Financials 5.6
Industrials 6.1
Utilities 7.3
Communication 9.7

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

US Equity

USA Stocks

The U.S. exposure covers the total U.S. market and measures the performance of all large and mid- cap stocks that comply with Islamic principles. This asset class helps investors participate in the long-term growth of the U.S. market.

Reasons we chose this Asset Class:

  • Direct and diversified investment in US companies that comply with Islamic investment principles
  • US stock market exposure, the world's largest stock market
  • Overseen by world leading scholars
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Consumer Discretionary 9.4
Information Technology 33.3
Communication 3.3
Health Care 22.3
Cash and Equivalents 2.4
Consumer Staples 10.9

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

Dividend Equity

Dividend Stocks

Dividend stocks are investments primarily in dividend-paying common stocks, including foreign stocks. These are diversified investments across industries and companies, and generally follow a large-cap value investment style.

Reasons we chose this Asset Class:

  • Direct and diversified investment in companies that provide consistent dividends.
  • Investments in foreign stocks that comply with Islamic investment principle.
  • Market Liquidity
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sector Breakdown (%)

Consumer Discretionary 6.9
Industrials 25.3
Cash and Equivalents 2.4
Materials 19.0
Health Care 18.0
Consumer Staples 16.6
Information Technology 10.8
Energy 1.0

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious training program in the issuance of legal responsa (fatawa) at Dar al-Ifta' al-Misriyya, under the direct supervision of Shaykh Dr. Ali Jumu`a, the Mufti of Egypt.

Commodities

Gold

Commodities as an asset class have had historically low correlation with stocks and bonds. Currently we have only included gold to represent this asset class. Gold provides the potential for long-term capital appreciation as well as acts as an inflation hedge. Research has proved that gold has a weak correlation with other asset classes. The gold ETF included in our portfolio effectively captures the price volatility of gold in the spot market, thereby generating a return that is equivalent to the returns in the spot market.

Reasons we chose this Asset Class:

  • Diversification benefit
  • Direct exposure to gold prices
  • Overseen by our trusted Ethical Review Board
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious

Fixed Income

Fixed Income

The essence of Sukuk is to provide Ethical compliant instruments for investments which do not involve interest and excess uncertainty. It is a primacy of equity financing. The Sukuk holder has an ownership on the underlying asset which is entitled for revenues generated from the Sukuk asset unlike the bondholder who is eligible to receive interest payments by the bond issuer. The Sukuk limits the value of debt to that of the underlying. It must be asset backed or asset based and interest free.

Reasons we chose this Asset Class:

  • Limits debt to value of underlying asset
  • Interest free
  • Islamic based
  • Primacy of equity financing
Disclaimer

This chart was intended for illustrative purposes only. Past performance is not a guarantee of future results. All investments include some risk, including the possibility of loss of principal.

Sheikh Taha Abdul Basser

The Managing Partner of Straightway Ethical Advisory LLC, Taha Abdul-Basser, has served as a financial ethicist for investment funds and banks for over than 15 years. He received his Bachelors (A.B.) in the Comparative Study of Religion from Harvard College, a Master's (A.M.) in Arabic and Islamic Studies from the Department of Near Eastern Languages and Civilizations at Harvard University and is an ABD from the same department. Abdul-Basser has been a course instructor at the Harvard Business School, and was previously a key staff member at the Harvard Islamic Finance Program for 19 years. Sheikh Taha Abdul Basser heads the Ethical Review Board for Wahed Invest LLC.

Sheikh Humza Maqbool Chaudhry

Humza Maqbool was born in Whittier, California. He holds a B.S. in Biochemistry (2004) and a B.A. in Near Eastern Languages and Civilizations (2004) from the University of Washington. He served as the president of the Muslim Students Association at the University of Washington. He is particularly active throughout the west coast of the US, regularly giving lectures, leading classes, teaching web-based courses, delivering guest sermons and participating in conferences in the area.

Sheikh Musa Furber

Musa Furber has majored in linguistics at Portland State University, with an emphasis on computational linguistics and cognitive science. After graduating from college, he completed an intensive four-year study of the traditional Islamic disciplines--including Qur'anic studies, Prophetic traditions (hadith), ethics and law (fiqh), advanced Arabic grammar and the Prophetic biography (sira). Post his graduation, he relocated to Cairo, Egypt, where he completed a prestigious