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IGDA

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF

£8.34Price per unit
10.8% / yr5-yr avg return
0.4%Annual fee
MediumRisk

Broad global developed-markets diversification, run by Invesco (not iShares) via a second independent screening methodology.

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

What does IGDA actually own?

Tracks the Dow Jones Islamic Market Developed Markets index instead of MSCI. Run by Invesco, not iShares: a slightly different company mix and screening methodology to ISWD, useful as a second opinion on what counts as Shariah-compliant. Holds equities, not bonds or sukuk.

Global Developed Markets
Dow Jones Islamic Market Developed Markets
ISA-eligible

How to buy IGDA

Hargreaves Lansdown

Best for SIPPs (pension accounts) and investors with larger portfolios.

£100

Min. invest

0.45% (capped £45/yr)

Platform fee

£11.95 / trade

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

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 IGDA: Search for “IGDA” in the app. That’s Invesco Dow Jones Islamic Global Developed Markets 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

AAOIFI / Dow Jones Islamic Market

Frequency

Quarterly

Certification

Dow Jones Islamic Market Developed Markets 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

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

What to pair IGDA with

ISWDiShares MSCI World Islamic UCITS…
Medium

IGDA + ISWD covers global developed markets via two independent screening bodies. Lower concentration risk.

View ISWD →
ISUSiShares MSCI USA Islamic UCITS…
High

IGDA + ISUS adds US growth exposure to a broad developed-markets base.

View ISUS →

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