Wahed FTSE USA Shariah ETF is trading 2.8% higher in pre-market action as its significant information technology allocation benefits from continued enthusiasm surrounding AI and growth stocks.
- Global risk sentiment improved overnight following a U.S.–Iran ceasefire and a decline in oil prices, providing a favorable backdrop for diversified U.S. equity markets.
- Strong demand for Nvidia’s record bond deal and robust tech futures are supporting the broader technology complex, specifically lifting Shariah-compliant ETFs with high tech weightings.