Ishares MSCI India ETF (INDA) - Questionable
Ishares MSCI India ETF (INDA) 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
- INDA 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 India ETF
The fund generally will collectively invest at least 80% of the fund's assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index measures the performance of equity securities of companies whose market capitalization, as calculated by the index provider, represents the large- and mid-capitalization segments of the Indian securities market. The fund is non-diversified.
Frequently Asked Questions
Is Ishares MSCI India ETF (INDA) stock halal to invest in?
According to AAOIFI Shariah screening standards, Ishares MSCI India ETF (INDA) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does Ishares MSCI India ETF have any interest income?
Interest income data for Ishares MSCI India ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if INDA stock is Shariah-compliant?
INDA 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 India ETF stock reviewed for Shariah compliance?
Ishares MSCI India 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.