{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF is a UCITS-compliant, physically replicating ETF that tracks a transparent, well-documented equity index. It does not use derivatives for synthetic replication or leverage, nor does it employ swaps or other complex instruments as a core part of its strategy. The ETF's structure, risks (primarily market, liquidity, and tracking error), and investment policy are straightforward and easily understood by retail investors with basic knowledge. There is no evidence of embedded derivatives, contingent convertible bonds, complex indices, or other features that would introduce opacity or advanced risks. The ETF is listed, offers daily liquidity, and provides comprehensive, publicly available information. All these factors align with the MiFID II presumption that UCITS ETFs are non-complex, absent specific complex features[1]. No complex factors were identified in the provided KIID or supporting documentation."
}