EEM
iShares MSCI Emerging Markets ETF
Is EEM Halal?
Emerging markets ETF — heavily weighted in banks and tech conglomerates.
What You Should Know
EEM's February 28, 2026 report shows $31.455 billion of assets. Disclosed interest and securities-lending income is about 2.31% of investment income, while the fund's emerging-market holdings include Chinese technology conglomerates, banks and other conventional financials. The portfolio is not Sharia-screened and underlying issuers still require review.
⚠️ Concerns
- •Chinese banks and financials
- •Tencent/Alibaba exposure
- •No Sharia screening
Current quantitative Sharia screen
Based on N-CSR figures for the period ended 2026-02-28; calculated 2026-07-14.
0 / 31,455.319
666.164 / 31,455.319
682.849 / 31,455.319
3.621 / 156.485
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 2.12% and receivables plus cash/assets is 2.17%; disclosed incidental income is about 2.31%, while activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables plus cash/assets are below the examined MSCI asset limits, but underlying issuer activity is not classified by a universal prohibited-revenue numerator.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia limits; the pass-through portfolio remains qualitatively and methodologically incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and a fund-level prohibited-income convention are not stored.
Business-activity disclosure
EEM is an emerging-market pass-through ETF. The portfolio includes Chinese technology conglomerates, banks, financial services and mixed activities that are not uniformly screened by the fund.
Limitation: The report provides holdings and income lines but no school-neutral prohibited-revenue allocation across every underlying issuer.
Purification
EEM discloses incidental interest and securities-lending income, but no scholar-approved purification percentage is inferred from the aggregate fund distribution.
Inputs, assumptions and primary sources
- Amounts are USD millions from EEM's February 28, 2026 shareholder report.
- The report shows USD 31,455.319 million of total assets, USD 39.123 million of cash and foreign currency, USD 627.041 million in money-market funds and USD 643.726 million of listed receivables.
- Interest and securities-lending income totals USD 3.621 million against USD 156.485 million of investment income, or about 2.31%.
- Chinese technology conglomerates, banks and other conventional financials are qualitative look-through observations, not a universal prohibited-revenue percentage.
- ETF look-through ratios are not an official FTSE, MSCI or Malaysia classification.
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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