← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
🇮🇹 Effective capital-gains rate: 26.00%details →

iShares MSCI World Islamic UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00B27YCN58Ticker: IUSD (Xetra) · ISWD (London SE) · ISWD (SIX)Issuer: iShares
Issuer-declared data
Declared index
MSCI Developed World Islamic Index (NET) (USD)
TER
0.30%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
1.4 bn EUR
NAV
68.49 USD (1 September 2026)
Domicile
Ireland
Inception date
7 December 2007
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

iShares MSCI World Islamic UCITS ETF tracks the issuer-declared index: MSCI Developed World Islamic Index (NET) (USD). The declared annual cost (TER) is 0.30%, plus 0.01% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 1.4 billion euro, was launched on 7 December 2007 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI World Islamic Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable, and in a manner consistent with Shari’ah principles, in the equity securities (e.g. shares) that make up the Index. Shari’ah principles are the rules, precepts and parameters of Islamic law as interpreted by Islamic scholars including, in this instance, by the Shari’ah Panel (a panel of Islamic scholars appointed to provide guidance relating to the Fund’s compliance with Shari’ah principles). The Index reflects Shari'ah investment principles and measures the performance of large and mid capitalisation stocks across developed markets countries, as determined by index provider in accordance with the Index methodology and that are eligible investments for Islamic investors. The Index excludes certain securities based on Shari'ah principles in agreement with the MSCI Shari'ah board appointed by the index provider. The Index is weighted by market capitalisation. Market capitalisation is the share price of the company multiplied by the number of shares issued. The Benchmark Index constituents are capped in accordance with the index provider’s methodology to help ensure index diversification. The Fund intends to replicate the Index by holding all the equity securities which make up the Index, in similar proportions to it. To the extent compliant with Shari’ah principles, the Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other funds to gain exposure to the relevant equity securities that make up the Index. ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities. This Fund is determined to be compliant with Shari’ah principles and is targeted at Islamic investors. However, subscription is open to any other investor. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

Keep reading the KID section ▾

Your shares will be distributing shares (i.e. dividend income will be paid on the shares semi-annually). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.30%: above the median of equity ETFs we track (0.22%).
  • Assets larger than 79% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.04% p.a., against a declared TER of 0.30%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Dec 2007 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+261.8%
Annualised
+7.1%
Volatility (ann.)
16.7%
Max drawdown
-49.85%
-50%+31%+112%+193%+274%Dec 2007Jul 2012Mar 2017Nov 2021Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+262%Dec 2007Aug 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%2007201020132016201920222025−49.85% · 09 Mar 2009
Max drawdown
-49.85%
peak → trough
Trough
09 Mar 2009
from the 19 May 2008 peak
Recovery time
781 days
recovery only: trough to break-even · ≈ 2 years and 2 months
Underwater
1,075 days
decline + recovery: peak to break-even · ≈ 2 years and 11 months · → recovered on 29 Apr 2011

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 May 200809 Mar 2009-49.85%29 Apr 20111,075
20 Jan 202023 Mar 2020-33.98%16 Nov 2020301
12 Jan 202226 Sept 2022-22.81%13 Jun 2023517
29 Apr 201103 Oct 2011-22.10%22 Jan 2013634
03 Jul 201420 Jan 2016-19.34%15 Feb 2017958

Calendar-year returns

2016
7.4%
2017
19.1%
2018
-9.4%
2019
22.0%
2020
8.0%
2021
21.5%
2022
-11.8%
2023
22.9%
2024
5.3%
2025
19.5%
2026
21.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.82.8-6.19.38.50.2-3.45.521.3
20252.5-2.8-3.30.57.44.00.41.74.43.1-0.41.019.5
2024-0.43.12.6-3.92.81.21.01.01.9-4.13.9-3.45.3
20236.0-2.45.01.4-1.56.42.8-2.2-3.2-3.39.13.622.9
2022-4.4-1.23.3-5.51.6-10.46.1-4.3-8.69.58.1-4.2-11.8
2021-0.22.73.12.92.80.82.01.6-4.05.2-2.25.321.5
2020-2.6-9.1-11.710.14.71.43.35.2-2.9-4.712.34.58.0
20196.83.41.21.3-5.97.4-1.0-3.02.52.12.33.522.0
20183.9-5.4-1.02.10.9-0.12.9-0.21.5-7.60.8-6.8-9.4
20171.62.21.21.12.5-0.42.10.13.11.01.81.519.1
2016-5.40.16.43.0-0.30.93.4-0.80.6-3.00.42.47.4
2015-1.44.8-2.22.5-0.2-3.00.3-6.2-3.88.3-0.9-2.4-4.9
2014-4.05.60.51.91.22.3-1.82.1-3.3-0.80.8-1.32.9
20135.3-0.52.21.50.2-2.84.8-1.94.53.31.72.322.0
20124.23.8-0.4-0.7-8.94.71.52.12.7-1.00.71.610.4
20111.63.80.04.4-2.3-1.3-1.9-7.1-9.111.2-1.1-0.8-4.0
2010-4.51.45.4-0.1-9.3-3.46.8-3.49.84.1-0.87.712.5
2009-6.0-9.06.97.59.1-0.67.92.53.6-0.94.82.129.6
2008-8.02.5-1.15.53.7-5.0-4.5-1.5-13.2-16.7-4.02.5-35.1
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 1 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.04% /anno
Declared TER
0.30%
YearFundIndexDifference
2025+19.53%+19.72%-0.18%
2024+5.26%+5.37%-0.10%
2023+22.94%+22.78%+0.15%
2022-11.78%-11.75%-0.04%
2021+21.50%+22.01%-0.50%
2020+8.02%+8.35%-0.33%
2019+22.00%+22.49%-0.50%
2018-9.37%-9.05%-0.31%
2017+19.09%+19.46%-0.37%
2016+7.42%+7.69%-0.27%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)14.37%14.40%15.01%15.20%16.43%
Max drawdown-7.96%-21.84%-21.84%-32.84%-41.22%
Sharpe1.820.690.570.550.40
Sortino2.760.960.810.760.56
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
389
426 total lines: 37 cash & derivatives
Top-10 weight
36.6%

Top 10 holdings

MICROSOFT · MSFT
13.59%
MICRON TECHNOLOGY · MU
4.11%
TESLA INC · TSLA
4.00%
ADVANCED MICRO DEVICES · AMD
2.92%
EXXONMOBIL HOLDINGS CORP · XOM
2.53%
ASML HOLDING · ASML
2.48%
JOHNSON & JOHNSON · JNJ
2.43%
CISCO SYSTEMS INC · CSCO
1.65%
INTEL CORPORATION · INTC
1.49%
CHEVRON · CVX
1.44%

Sectors

Information Technology
43.3%
Industrials
13.2%
Energy
11.6%
Health Care
10.3%
Materials
9.5%
Consumer Discretionary
7.0%
Consumer Staples
3.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.8%Austria: 0.1%AzerbaijanBurundiBelgium: 0.2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 4%Switzerland: 2.7%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 2.7%DjiboutiDenmark: 0.8%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 0.6%EstoniaEthiopiaFinland: 0.4%FijiFalkland IslandsFrance: 3.8%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.1%IranIraqIcelandIsraelItaly: 0.7%JamaicaJordanJapan: 7%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 2.8%Norway: 0.3%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.2%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 67%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States67%
Japan7%
Canada4%
France3.8%
United Kingdom3.8%
Netherlands2.8%
Germany2.7%
⬇ Download the full portfolio — Excel, 426 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.32 USD
ex 21 May 2026 · paid 29 May 2026
Dividends, last 12 months
0.65 USD
Dividend yield
0.93%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.65 USD1.22 %
20250.64 USD1.32 %
20240.68 USD1.46 %
20230.73 USD1.89 %
20220.78 USD1.75 %
20210.66 USD1.77 %

Dividend contribution to total return

-20%-10%0%10%20%30%40%+31.73 %1 year+19.44 %2025+5.29 %2024+22.77 %2023−11.77 %2022+21.42 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.32
20250.310.33
20240.340.34
20230.380.35
20220.350.43
20210.340.32
20200.280.23
20190.320.31
20180.280.27
20170.240.27
20160.220.26
20150.200.28
20140.180.29
20130.160.27
20120.180.25
20110.150.23
20100.130.100.08
20090.040.090.120.06
20080.100.130.07

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.32 USD21 May 202622 May 202629 May 2026
0.33 USD13 Nov 202514 Nov 202526 Nov 2025
0.31 USD15 May 202516 May 202529 May 2025
0.34 USD14 Nov 202415 Nov 202427 Nov 2024
0.34 USD16 May 202417 May 202430 May 2024
0.35 USD16 Nov 202317 Nov 202329 Nov 2023
0.38 USD19 May 202322 May 202330 May 2023
0.43 USD17 Nov 202218 Nov 202230 Nov 2022
Per-share dividends as declared by the issuer, in USD, since the first payment (30 Apr 2008). Past dividends are not indicative of future ones.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B27YCN58IUSD(class: USD (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfIUSD8 Jun 2016
Börse FrankfurtIUSD28 Apr 2023
Börse HamburgIUSD1 Aug 2016
Börse HannoverIUSD9 Dec 2024
Börse München / gettexIUSD9 Mar 2015
Börse StuttgartIUSD8 Jun 2016
Tradegate ExchangeIUSD24 Jul 2023
Xetra (Deutsche Börse)IUSD28 Apr 2023
+ 5 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares MSCI World Islamic UCITS ETF track?
The issuer iShares declares the benchmark: MSCI Developed World Islamic Index (NET) (USD).
How much does ISWD cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.01%.
How is ISWD taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of ISWD?
The fund size declared by iShares is about 1.4 billion euro.
When was ISWD launched?
The fund was launched on 7 December 2007: it has 18 years of history.
How does ISWD replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication).
Does ISWD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does ISWD trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (IUSD), Börse Frankfurt (IUSD), Börse Hamburg (IUSD), Börse Hannover (IUSD), Börse München / gettex (IUSD), Börse Stuttgart (IUSD).
What was ISWD's worst fall?
Over the available history (since 2007), the maximum drawdown was -50.47%, reached in March 2009. Past performance is not indicative of future results.
What is ISWD's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.04% per year versus its index (from issuer-declared series).
How many securities does ISWD hold?
The declared portfolio holds 389 securities (plus 37 cash & derivative lines); the top 10 positions weigh 36.6%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.