This guide summarises what is publicly known about iShares MSCI World Islamic UCITS (ISWD) and lists brokers in our reference data that accept residents of United Arab Emirates. Always verify the latest details on the issuer's fund page and on the broker's own website.
ISWD at a glance
| Full name | iShares MSCI World Islamic UCITS |
| Ticker | ISWD |
| ISIN | IE00B27YCK28 |
| Issuer | BlackRock |
| TER | 0.60% |
| Domicile | IE |
| Exchange | LSE |
| Distribution | Distributing |
| Sharia compliant | Yes |
About ISWD
ISWD (iShares MSCI World Islamic UCITS ETF) tracks the MSCI World Islamic Index, providing exposure to large and mid-cap equities across developed markets that meet Islamic finance screening criteria. The fund is domiciled in Ireland and listed on the London Stock Exchange.
The general process
- Choose a broker that accepts residents of United Arab Emirates and lists ISWD on LSE. The reference table below lists candidates from our dataset.
- Open and verify an account. Brokers typically ask for a government-issued ID, proof of address, and sometimes a bank statement. Exact document requirements and timelines vary - follow the broker's own instructions.
- Fund the account using a method the broker supports. Available currencies and methods vary - check the broker's funding page.
- Find ISWD on the broker's platform and confirm the correct exchange listing before trading.
- Place your order. Order types and behaviour vary by venue. Read the broker's order-entry help before placing real trades.
This is general information, not investment advice. Investing involves risk including loss of capital.
Brokers in our reference data that list residents of United Arab Emirates
Listed alphabetically. Confirm current eligibility, supported products, and fees on each broker's own website.
| Broker | Regulator | Min. deposit | Fees | |
|---|---|---|---|---|
| Interactive Brokers | SEC FINRA FCA | None published | Low commissions tiered or fixed | Visit |
| Saxo Bank | DFSA FCA | None published | Mid-range with strong platform | Visit |
| Sarwa | DFSA | 5 USD | 0.50 to 0.85 percent AUM | Visit |
| StashAway | DFSA | None published | 0.20 to 0.80 percent AUM | Visit |
| Trading 212 | FCA CySEC FSC | 1 USD | Zero commission stocks and ETFs | Visit |
| eToro | FCA CySEC ASIC | 50 USD | Spreads no commission | Visit |
| Wio Invest | SCA | None published | Free trades on UAE stocks | Visit |
| IG | FCA | None published | Spread based CFDs and shares | Visit |
| Swissquote | FINMA DFSA | 1000 USD | Premium pricing global access | Visit |
| Lightyear | FCA EFSA | 1 USD | Low commission EU domiciled ETFs | Visit |
| Pepperstone | FCA ASIC CySEC | None published | Tight forex and CFD spreads | Visit |
| Tickmill | FCA CySEC | 100 USD | Low spreads with commissions | Visit |
Tax notes for United Arab Emirates residents
The UAE does not levy personal income tax on individuals. There is no capital gains tax on personal investment returns for UAE residents. As an Ireland-domiciled fund, ISWD benefits from the Ireland-US tax treaty, which reduces US dividend withholding at the fund level to 15 percent rather than the standard 30 percent applied to funds domiciled outside treaty countries. UAE residents do not face additional withholding at the point of personal receipt from an Ireland-domiciled ETF, though investors should confirm their individual position with a qualified tax adviser.
General information only. Tax rules change. Consult a qualified tax adviser licensed in your jurisdiction.
Frequently asked questions
- Can UAE residents buy ISWD?
- UAE residents can access ISWD through brokers that offer trading on the London Stock Exchange or other exchanges where the ETF is listed. You will need to open a brokerage account that supports international equity and ETF trading.
- Which regulators oversee brokers offering ISWD to UAE residents?
- Brokers operating in the UAE may be regulated by the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) if based in the DIFC, or by overseas regulators such as the FCA in the UK. Always verify a broker's regulatory status before opening an account.
- Is ISWD Shariah-compliant?
- ISWD tracks the MSCI World Islamic Index, which applies Shariah screens to exclude companies involved in activities such as conventional finance, alcohol, tobacco, weapons, and pork-related products. The fund is designed to meet Islamic investment criteria, but investors seeking Shariah compliance should review the fund's methodology and consult their own religious adviser.
- What currency is ISWD traded in?
- ISWD is traded in USD on the London Stock Exchange. Some brokers may offer currency conversion at the point of trade. See the official iShares product page for current listing details.
- Are there any UAE-specific restrictions on buying ISWD?
- There are no UAE government restrictions on UAE residents purchasing internationally listed ETFs such as ISWD through regulated brokers. Individual broker eligibility requirements and account minimums may vary. Check directly with your chosen broker.
- Does the UAE tax dividends or capital gains from ISWD?
- The UAE does not impose personal income tax or capital gains tax on individuals. UAE residents are not subject to UAE-level tax on dividends or gains from international ETF holdings. Tax treatment in other jurisdictions where you may have obligations is a separate matter and should be verified with a qualified adviser.
- What ongoing charges does ISWD carry?
- For current total expense ratio and fee information, refer to the official iShares product page at ishares.com, as charges are subject to change.
Official sources
For regulatory information and official ETF documentation, see: Central Bank of Ireland - UCITS regulation.