What Are the Differences Between Halal Shares and Halal ETF?

Shariah-compliant shares are units of equity ownership companies that meet Islamic investment screens. 

Shares exist as a financial asset that provides an equal distribution to any residual profits in the form of dividends.  Hejaz follows Shariah Ethical Screening processes set by independent bodies AAOIFI and GIFS.

Halal ETFs are for investors who want a variety of shariah-compliant assets. Hejaz benchmarks against MSCI World Islamic which targets clean energy, community services, and health care. Hejaz does not invest in companies and industries that are Islamically impermissible. These companies involve alcohol, pork, tobacco, weapons, gambling, and pornography.