iShares MSCI South Korea ETF (EWY) - Questionable
iShares MSCI South Korea ETF (EWY) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- EWY is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About iShares MSCI South Korea ETF
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large- and mid-capitalization segments of the equity market in Korea. The fund is non-diversified.
Frequently Asked Questions
Is iShares MSCI South Korea ETF (EWY) stock halal to invest in?
According to AAOIFI Shariah screening standards, iShares MSCI South Korea ETF (EWY) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does iShares MSCI South Korea ETF have any interest income?
Interest income data for iShares MSCI South Korea ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if EWY stock is Shariah-compliant?
EWY is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is iShares MSCI South Korea ETF stock reviewed for Shariah compliance?
iShares MSCI South Korea ETF's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.