{
    "fund_name": "iShares MSCI World Islamic UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI World Islamic Index, which consists of large and mid-cap equities from developed markets that comply with Sharia principles. The fund invests directly in the underlying securities of the index, with no mention of synthetic replication, leverage, or inverse strategies. The risk profile is rated 6 out of 7, but this is primarily due to equity market risks rather than structural complexity. The fund's use of derivatives is limited to potential use of ADRs and GDRs for gaining exposure to underlying securities, which is a standard practice in equity ETFs and does not indicate complexity. The fund is UCITS-compliant, which typically implies a non-complex structure suitable for retail investors. The PRIIPs KID and factsheet confirm the physical replication methodology and lack of complex derivative strategies.",
    "confidence": 95
}