Halal Growth Portfolio: Resilient Through a Tough November Market. Despite sharp declines in the Nasdaq and S&P 500 through November, the Iqra Momentum Portfolio showed notable resilience, slipping only slightly from +28.76% to +27.8% YTD. This controlled drawdown highlights the portfolio’s defensive strength and its ability to protect gains even in a difficult market environment.

October Update: Steady Gains in a Range-Bound Market. Despite a fluctuating and range-bound market in October, the Iqra Momentum Portfolio continued its upward trajectory, building on a +21.1% return at September’s close. Top performers included Alphabet (+60.4%), Howmet Aerospace (+54.3%), Hims & Hers Health (+33.3%), and Carpenter Technology (+32.3%), while Insulet (+21.6%) and NVIDIA (+18.9%) also contributed to the portfolio’s strong momentum.

The Iqra Momentum Portfolio gained +21.31% YTD as of September, led by strong performers like Hims & Hers (+66.3%), Howmet Aerospace (+47.0%), and Alphabet (+38.7%). This month, we’re refreshing the portfolio by dropping Amazon and Gilead, and adding Shopify and Ulta Beauty to strengthen exposure in e-commerce and consumer sectors.