Islamicly or zoya

[Wasim1]

Salaam,

Please check this thread too.

Question about Wahed ETF holdings

Assalamu Alaikum, I saw in another thread @Mufti_Faraz_Adam mentioned he is a Shariah advisor for Wahed, so I thought I could ask this question here. Looking at the list of the holdings in Wahed’s ETF (https://funds.wahedinvest.com/etf-holdings.csv), there are several companies that are actually considered non-Shariah compliant according to Zoya and Islamicly, in some cases with their debt-to-market cap ratio being >100%. These companies include CVS Health, T-Mobile, Delta Air Lines, HP, etc.…