Investment firm Wahed and KraneShares have launched a new ETF that gives investors a Shariah-compliant way to earn alternative income without relying on traditional interest-based products.

Islamic digital investing firm Wahed and KraneShares have jointly introduced the KraneShares Wahed Alternative Income Index (Kwin) ETF which tracks the Wahed Shariah Alternative Income Index that complies with Islamic principles while providing an alternative income stream. Kwin generates returns through Shariah compliant forward sale agreements Unlike traditional fixed income funds that depend on interest bearing securities, Kwin generates returns through Shariah compliant forward sale agre