{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The HSBC MSCI Japan Islamic ESG UCITS ETF is a physically replicated ETF that tracks the MSCI Japan Islamic ESG Universal Screened Select Index. It uses full physical replication, directly holding the underlying securities in the same proportion as the index. The ETF does not employ leverage, inverse strategies, or synthetic replication methods such as swaps or other derivatives for investment purposes. While the KIID mentions the potential use of Shariah-compliant foreign exchange contracts for hedging, this is limited to currency risk management and does not introduce complexity. The ETF is UCITS-compliant, has a straightforward investment objective, and invests in liquid, transparent securities. The risk profile is clearly disclosed, and the ETF does not exhibit features that would classify it as complex under MiFID II regulations.",
    "confidence": 95
}