As of July 2026, iShares India 50 ETF is classified as not halal.
NOT HALAL
iShares India 50 ETF. Analysis INDY
US Equity Large Cap
INDY was created on 2009-11-18 by iShares. The fund's investment portfolio concentrates primarily on large cap equity. INDY tracks a market-cap-weighted index of 50 blue-chip companies traded on the National Stock Exchange of India.
As of July 2026, iShares India 50 ETF INDY is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes iShares India 50 ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares India 50 ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of iShares India 50 ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
US Equity Large Cap 
