M
Mana Credit
  • Learn 101
  • Goals
  • Invest
  • Save
  • Practice
  • Videos
Compare ↗Start my journey →
All ETFs

HIWS

HSBC MSCI World Islamic Screened UCITS ETF

£12.05Price per unit
16.4% / yr5-yr avg return
0.3%Annual fee
MediumRisk

HSBC's lower-cost alternative to ISWD, covering broadly the same universe of Shariah-screened developed-market companies.

Annualised since launch (Nov 2022); not yet a full 5-year track record.

What does HIWS actually own?

HSBC's global developed-markets Islamic fund, launched in late 2022: a lower-cost alternative to ISWD covering broadly the same universe of Shariah-screened developed-market companies. Too new to have a full 5-year track record, but the index methodology has a longer history.

Global: developed markets
MSCI World Islamic Universal ESG Screened
ISA-eligible

How to buy HIWS

InvestEngine

ETF-specialist platform. Excellent for monthly auto-invest and JISAs.

£1

Min. invest

0% (DIY)

Platform fee

Free

Dealing fee

Open an account

Trading 212

Fractional shares mean you can invest for as little as £1. Best for beginners.

£1

Min. invest

0%

Platform fee

Free

Dealing fee

Open an account

interactive investor

Flat monthly fee rather than a percentage, so it works out cheaper once your pot grows. ISA and SIPP available.

£25

Min. invest

From £4.99/month

Platform fee

£3.99 / trade

Dealing fee

Open an account

Next step

Opening your account, step by step

1
Open an account: Pick a platform above and open a Stocks & Shares ISA (tax-free) or a general account. It takes about 10 minutes. Have your ID and National Insurance number ready.
2
Add money: Top up by debit card or bank transfer. On Trading 212 and InvestEngine you can start with as little as £1.
3
Find HIWS: Search for “HIWS” in the app. That’s HSBC MSCI World Islamic Screened UCITS ETF.
4
Buy your first units: Enter the amount in pounds and confirm. Fractional shares mean you don’t need to buy a whole unit.
5
Automate it: Set up a monthly recurring order so you keep investing consistently without having to think about it.

Not ready for real money yet? Practise with £1,000 of virtual cash first.

Practise first

How we know this is halal

Shariah compliance

Screened by

MSCI Islamic

Frequency

Quarterly

Certification

MSCI World Islamic Universal ESG Screened Index methodology

The 5 screens applied to every company in this fund:

1
Revenue screen: Less than 5% of revenue from alcohol, gambling, weapons, tobacco, adult content, pork, or conventional banking.
2
Debt screen: Total debt less than 33% of market capitalisation.
3
Interest income: Cash and interest-bearing deposits less than 33% of market capitalisation.
4
Receivables: Accounts receivable less than 33% of total assets.
5
Non-permissible income: Less than 5% of total revenue from any non-permissible source.
Purification

HSBC publishes a non-permissible income ratio for this fund on its factsheet. Check the current figure on HSBC Asset Management's site and donate that proportion of any dividends you receive to charity.

What to pair HIWS with

HIESHSBC MSCI EM Islamic Screened…
High

HIWS (developed markets) + HIES (emerging markets) builds a globally diversified halal core from a single fund family.

View HIES →
ISWDiShares MSCI World Islamic UCITS…
Medium

HIWS and ISWD cover very similar ground via different screening bodies. Compare fees rather than holding both.

View ISWD →

Mana is an educational platform. We're not regulated by the FCA and nothing here is a personal recommendation. Everything you see (ETF illustrations, goal projections, quiz results, AI responses) is general information to help you learn. Before investing, please do your own research and consider speaking to a regulated financial adviser.

ETFs · Index funds · Workplace funds · Stocks · Mana Credit · Compare halal products ↗ · Terms · Privacy