{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The iShares USD Sukuk UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, market-weighted index of US Dollar-denominated emerging market Sukuk instruments. The Fund uses optimization techniques for portfolio construction but does not employ derivatives for replication or leverage. Securities lending is present but is a secondary, well-managed feature within UCITS rules and does not dominate the risk profile. The Fund's structure, risks, and investment objective are straightforward and easily understood by retail investors with basic knowledge. There are no embedded derivatives, complex indices, or contingent convertible bonds. The Fund does not use swaps, leverage beyond UCITS limits, or synthetic replication. All these factors support a non-complex classification under MiFID II Article 25(4) and Article 57 of Delegated Regulation 2017/565, as the product does not introduce structural complexity, counterparty risk, or opacity that would require an appropriateness test for retail distribution[1].",
    "classification": "non-complex"
}