Wahed Dow Jones Islamic World ETF (UMMA) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Wahed Dow Jones Islamic World ETF (UMMA) trades at $37.57 with AI Score 47/100 (Grade C). Wahed Dow Jones Islamic World ETF is an actively-managed fund focusing on Shariah-compliant global equities, excluding U. S. Market cap: $309M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for UMMA: UMMA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates UMMA against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
UMMA: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Wahed Dow Jones Islamic World ETF (UMMA) Financial Services Profile
Wahed Dow Jones Islamic World ETF (UMMA) offers investors exposure to global Shariah-compliant equities, mirroring the Dow Jones Islamic Market International Titans 100 Index. As an actively managed, non-diversified fund, UMMA caters to investors seeking ethical investment options in the international market, excluding U.S. domiciled companies.
What Is the Investment Thesis for UMMA?
UMMA presents a unique investment proposition for investors seeking Shariah-compliant global equity exposure. With a beta of 1.16, the fund exhibits slightly higher volatility compared to the broader market. A key value driver is the increasing demand for ethical investment options, particularly among the growing Muslim population globally. The fund's strategy of mirroring the Dow Jones Islamic Market International Titans 100 Index offers a transparent and rules-based approach to Shariah-compliant investing. However, the fund's non-diversified nature introduces concentration risk, and its performance is subject to fluctuations in international equity markets. The absence of dividend yield may deter some income-seeking investors. The fund's market capitalization of $309M indicates a relatively small size, which could impact liquidity and trading volumes. Growth catalysts include increased awareness of Shariah-compliant investing and expansion into new markets.
Based on FMP financials and quantitative analysis
UMMA Key Highlights
Actively-managed ETF focused on Shariah-compliant global equities, excluding U.S. domiciled companies.
- Aims to replicate the returns of the Dow Jones Islamic Market International Titans 100 Index.
- Non-diversified fund, potentially leading to higher concentration risk.
- Market Cap of $309M indicates a relatively small size.
- Beta of 1.16 suggests slightly higher volatility compared to the broader market.
Who Are UMMA's Competitors?
UMMA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADPV Adaptiv Select ETF | $44.85 | -0.47% | $191M | 47 |
| AESR Anfield U.S. Equity Sector Rotation ETF | $19.96 | -0.57% | $170M | 44 |
| AUGW AllianzIM U.S. Equity Buffer20 Aug ETF | $34.59 | -0.35% | $135M | 47 |
| ESN Essential 40 Stock ETF | $20.57 | -0.26% | $190M | 47 |
| GEW Cambria Global EW ETF | $56.51 | -0.71% | $141M | 47 |
| LEGO Legato Merger Corp. | $10.00 | +0.10% | $313M | 67 |
| PLTS Platinum Analytics Cayman Ltd. | $17.50 | +0.00% | $316M | 68 |
| EFTY Etoiles Capital Group Co., Ltd. | $15.02 | +0.00% | $302M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are UMMA's Key Strengths?
Focus on Shariah-compliant investing caters to a specific niche market.
- Actively managed approach allows for flexibility in investment decisions.
- Replicates the performance of a well-known Islamic market index.
- Provides access to a diversified portfolio of international Shariah-compliant stocks.
What Are UMMA's Weaknesses?
Non-diversified nature increases concentration risk.
- Absence of dividend yield may deter some income-seeking investors.
- Relatively small market capitalization may impact liquidity.
- Performance is subject to fluctuations in international equity markets.
What Could Drive UMMA Stock Higher?
Increasing demand for ethical and Shariah-compliant investment options.
- Growth of the global Muslim population and rising awareness of Islamic finance.
- Potential expansion into new geographic markets with significant Muslim populations.
- Development of new Shariah-compliant products to cater to different investor needs.
What Are the Key Risks for UMMA?
Non-diversified nature increases concentration risk.
- Performance is subject to fluctuations in international equity markets.
- Changes in Shariah law or interpretations could impact the fund's investment strategy.
- Economic or political instability in international markets could negatively impact performance.
- Competition from other Shariah-compliant investment products.
What Are the Growth Opportunities for UMMA?
- Expansion into new markets: UMMA has the opportunity to expand its reach into new geographic markets with significant Muslim populations, such as Southeast Asia and Africa. These regions represent untapped potential for Shariah-compliant investment products. By establishing partnerships with local financial institutions and marketing its ETF to local investors, UMMA can tap into a growing demand for ethical investment options. The timeline for this expansion is estimated at 2-3 years, with a potential market size of several billion dollars.
- Development of new Shariah-compliant products: UMMA can leverage its expertise in Shariah-compliant investing to develop new products that cater to different investor needs and risk profiles. This could include Shariah-compliant fixed income ETFs, real estate investment trusts (REITs), or private equity funds. By diversifying its product offerings, UMMA can attract a wider range of investors and increase its assets under management. The timeline for developing new products is estimated at 1-2 years, with a potential market size of several billion dollars.
- Increased marketing and awareness campaigns: UMMA can invest in marketing and awareness campaigns to educate investors about Shariah-compliant investing and the benefits of its ETF. This could involve online advertising, social media marketing, and partnerships with Islamic organizations and publications. By raising awareness of its ETF, UMMA can attract new investors and increase its market share. The timeline for these campaigns is ongoing, with a potential impact on assets under management over the long term.
- Strategic partnerships with Islamic financial institutions: UMMA can form strategic partnerships with Islamic banks, takaful (insurance) companies, and other financial institutions to distribute its ETF to their clients. These partnerships can provide UMMA with access to a large and established customer base, as well as valuable insights into the needs and preferences of Shariah-compliant investors. The timeline for establishing these partnerships is estimated at 1-2 years, with a potential impact on assets under management over the long term.
- Integration of technology and digital platforms: UMMA can leverage technology and digital platforms to enhance its operations, improve customer service, and reach a wider audience. This could involve developing a mobile app, offering online account management, and using data analytics to personalize investment recommendations. By embracing technology, UMMA can improve its efficiency and competitiveness in the asset management industry. The timeline for integrating technology is ongoing, with a potential impact on customer satisfaction and assets under management over the long term.
What Are UMMA's Competitive Advantages?
- Expertise in Shariah-compliant investing.
- Established track record of replicating the Dow Jones Islamic Market International Titans 100 Index.
- Brand recognition as a provider of ethical investment solutions.
What Does UMMA Do?
Wahed Dow Jones Islamic World ETF (UMMA) is an actively managed exchange-traded fund designed for investors seeking exposure to global equities that adhere to Shariah principles. Launched with the aim of providing ethical investment options, UMMA focuses on companies whose operations and financial structures align with Islamic guidelines, as interpreted by Shariah experts. The fund invests in equity securities of global companies, specifically excluding those domiciled in the United States. UMMA's investment strategy centers around replicating the performance of the Dow Jones Islamic Market International Titans 100 Index. This benchmark comprises 100 of the largest Shariah-compliant companies worldwide, offering a diversified yet concentrated exposure to international markets. As a non-diversified fund, UMMA may have a higher degree of concentration risk compared to more broadly diversified ETFs. The fund's adherence to Shariah principles involves screening companies based on factors such as debt levels, interest income, and involvement in prohibited industries like alcohol, tobacco, and gambling. By offering a Shariah-compliant investment vehicle, UMMA caters to a specific niche of investors seeking to align their financial goals with their ethical and religious values. The ETF provides a convenient way for investors to access a portfolio of international stocks that meet these criteria, managed by professionals with expertise in both finance and Islamic law.
What Products and Services Does UMMA Offer?
- Invests in equity securities of global companies (excluding U.S. domiciled companies).
- Focuses on companies that meet the requirements of Shariah and are consistent with Islamic principles.
- Seeks to achieve returns similar to those of the Dow Jones Islamic Market International Titans 100 Index.
- Offers an actively-managed approach to Shariah-compliant investing.
- Provides a convenient way for investors to access a portfolio of international Shariah-compliant stocks.
- Screens companies based on factors such as debt levels, interest income, and involvement in prohibited industries.
How Does UMMA Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Aims to attract and retain investors seeking Shariah-compliant investment options.
- Replicates the performance of the Dow Jones Islamic Market International Titans 100 Index.
What Industry Does UMMA Operate In?
The asset management industry is undergoing significant transformation, driven by factors such as increasing demand for specialized investment strategies, the rise of ESG (Environmental, Social, and Governance) investing, and technological advancements. UMMA operates within the niche segment of Shariah-compliant investing, catering to a growing demand for ethical and faith-based investment options. The competitive landscape includes both conventional asset managers offering Shariah-compliant products and specialized Islamic finance institutions. The growth of the Islamic finance industry is expected to continue, driven by the increasing Muslim population and rising awareness of Shariah-compliant financial products.
Who Are UMMA's Key Customers?
- Individual investors seeking Shariah-compliant investment options.
- Institutional investors looking to allocate capital to ethical and faith-based investments.
- Financial advisors seeking to offer Shariah-compliant products to their clients.
Wahed Dow Jones Islamic World ETF (UMMA) Valuation Context
Valued at $309M, UMMA is classified as a small-cap stock. Relative to its peer group, UMMA's quantitative score of 47/100 is roughly in line with the peer average of 46/100.
Key Financial Metrics
Return on equity for Wahed Dow Jones Islamic World ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. UMMA trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
UMMA Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the ETF's strategy and future growth prospects.
- Community sentiment has shifted positively, with discussions highlighting the increasing demand for Sharia-compliant investment options.
- Market perception is improving as investors seek diversification through ethical investments, aligning with global trends.
- The ETF's underlying assets are gaining traction, particularly in emerging markets, which may drive interest and inflows.
Bear Case
- Concerns over market volatility could deter risk-averse investors from entering the ETF, impacting its performance.
- Some community members express skepticism about the ETF's ability to consistently outperform traditional indices.
- Recent geopolitical tensions have raised questions about the stability of markets where the ETF is heavily invested.
- The broader economic environment remains uncertain, leading to cautious sentiment among potential investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
UMMA Latest News
No recent news available for UMMA.
UMMA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for UMMA.
Price Targets
Wall Street price target analysis for UMMA.
UMMA MoonshotScore
What does this score mean?
The MoonshotScore rates UMMA 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Common Questions About UMMA (Financial Services)
What does the AI Score mean for UMMA?
UMMA holds an AI Score of 47/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Wahed Dow Jones Islamic World ETF is an actively-managed fund focusing on Shariah-compliant global equities, excluding U.S. companies. The fund aims to replicate the returns of the Dow Jones …
What does Wahed Dow Jones Islamic World ETF do?
Wahed Dow Jones Islamic World ETF (UMMA) is an exchange-traded fund that invests in global companies, excluding those in the U.S., that adhere to Shariah principles.
What are the main risks for UMMA?
The main risks for UMMA include its non-diversified nature, which increases concentration risk. The fund's performance is also subject to fluctuations in international equity markets and changes in Shariah law or interpretations. Economic or political instability in international markets could negatively impact performance. Additionally, UMMA faces competition from other Shariah-compliant investment products. Investors should carefully consider these risks before investing in UMMA.
What are the key factors to evaluate for UMMA?
Wahed Dow Jones Islamic World ETF (UMMA) holds an AI score of 47/100 (low). UMMA presents a unique investment proposition for investors seeking Shariah-compliant global equity exposure. Not financial advice.
How frequently does UMMA data refresh on this page?
UMMA's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven UMMA's recent stock price performance?
Wahed Dow Jones Islamic World ETF (UMMA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on Shariah-compliant investing caters to a specific niche market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider UMMA overvalued or undervalued right now?
Wahed Dow Jones Islamic World ETF (UMMA) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research UMMA before investing?
Before investing in Wahed Dow Jones Islamic World ETF (UMMA), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding UMMA to a portfolio?
Key strength of Wahed Dow Jones Islamic World ETF (UMMA): Focus on Shariah-compliant investing caters to a specific niche market. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for UMMA, limiting comprehensive insights.
- Reliance on provided data for company description and financials.