🔴 UMMA is trading 4.1% down today, extending a pullback in Islamic equities amid broader risk-off sentiment

UMMA is trading at $34.62 (-4.1%) in pre-market, extending a recent pullback in foreign large-growth and Islamic exposures.

• The decline follows a sharp bounce earlier this week driven by cooler U.S. inflation data that boosted demand for Sharia-compliant equities.
• Today’s weakness aligns with broadly lower U.S. equity futures and risk-off sentiment heading into key consumer sentiment data.