Invesco has launched a Shariah-compliant exchange-traded fund (ETF), offering global equity exposure, tracking the MSCI ACWI Islamic M Series index with unique screening criteria.

Investment management firm Invesco has introduced what it describes as Europe’s first Shariah-compliant ETF offering all world equity exposure. The fund tracks the MSCI ACWI Islamic M Series index The Invesco MSCI ACWI Islamic M Series UCITS ETF (ticker: MWIM) is trading on the London Stock Exchange (LSE) with a total expense ratio of 0.35%. The fund tracks the MSCI ACWI Islamic M Series index, which includes large and mid-cap stocks across developed and emerging markets, but applies