{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI USA Islamic UCITS ETF is a physically replicated ETF that invests directly in equity securities of the MSCI USA Islamic Index. The KIID and PRIIPs documents confirm the fund uses physical replication ('Direct investment in U.S. companies') and does not employ synthetic replication, swaps, or leverage. The fund's investment strategy is straightforward, focusing on Sharia-compliant equities with no mention of derivatives, structured products, or complex financial instruments. The risk profile is rated as medium (risk level 6), but this is typical for equity ETFs and does not indicate complexity. The fund's transparency, liquidity, and lack of derivative exposure align with MiFID II's criteria for non-complex instruments.",
    "confidence": 95
}