CNYA
iShares MSCI China ETF
Is CNYA Halal?
China ETF — material financials and mixed underlying holdings.
What You Should Know
CNYA is not Sharia-screened. Its January 2026 shareholder report showed financials at 20.9% of investments and named China Merchants Bank, Ping An Insurance and Agricultural Bank of China among the largest holdings; the pass-through fund does not disclose a universal prohibited-income ratio.
⚠️ Concerns
- •20.9% financials exposure
- •Named Chinese bank and insurance holdings
- •No Sharia screening or fund-level purification ratio
Current quantitative Sharia screen
Based on Semi-Annual Shareholder Report figures for the period ended 2026-01-31; calculated 2026-07-14.
0 / 222.456
0 / 222.456
0 / 222.456
- Financial
- Incomplete
- Overall
- Incomplete
Fund-level debt, liquidity and receivables-plus-cash inputs are not separately disclosed, and a comparable prohibited-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
The reported fund-level proxy inputs are below the examined MSCI asset limits, but the underlying portfolio has no universal prohibited-income classification.
- Financial
- Pass
- Overall
- Incomplete
The reported fund-level proxy inputs are below the examined Malaysia limits; the look-through portfolio remains qualitatively and methodologically incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and fund-level prohibited-income convention are not stored.
Business-activity disclosure
CNYA is an iShares pass-through ETF tracking Chinese equities listed on Shanghai and Shenzhen exchanges. Its January 2026 report showed 20.9% financials exposure and named conventional bank and insurance holdings, alongside technology, industrial, materials and consumer exposure; it is not Sharia-screened.
Limitation: The shareholder report provides sector weights and selected holdings but no school-neutral prohibited-revenue allocation across every underlying issuer, and fund-level cash/debt lines are not separately disclosed.
Purification
Purification is not calculated because CNYA passes through distributions from underlying issuers and the report does not provide a scholar-approved prohibited-income allocation.
Inputs, assumptions and primary sources
- USD millions from CNYA's official semi-annual shareholder report as of 31 January 2026; net assets were USD 222.456 million and the report listed 387 holdings.
- The fund report does not separately disclose fund-level interest-bearing debt, cash, receivables or revenue; zeroes here mean not separately reported fund-level balances, not that every underlying issuer has zero exposure.
- Look-through observations include Financials at 20.9% of investments and named bank holdings including China Merchants Bank, Ping An Insurance and Agricultural Bank of China. These observations are not converted into a universal prohibited-income percentage.
- The fund is a pass-through vehicle tracking Chinese A-shares; underlying issuers require their own activity and financial screens.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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