EMQQ
Emerging Markets Internet & Ecommerce ETF
Is EMQQ Halal?
EM internet — includes gaming and entertainment companies.
What You Should Know
As of 1 July 2026 EMQQ held MercadoLibre, Reliance, Sea, Tencent, PDD, Nu, Alibaba, Meituan and Bajaj Finance among its largest positions. Internet commerce is mixed with gaming/content and conventional-finance exposures, and the ETF is not Sharia-screened.
⚠️ Concerns
- •Tencent gaming/content
- •Alibaba fintech (riba)
- •Bajaj Finance conventional finance
- •Not Sharia-screened
Current quantitative Sharia screen
Based on Monthly issuer holdings and net-assets page figures for the period ended 2026-07-01; calculated 2026-07-14.
0 / 253.754
0 / 253.754
0 / 253.754
- Financial
- Incomplete
- Overall
- Incomplete
Fund-level debt, liquidity and income inputs are not separately reported; underlying issuer screens and prohibited-income classification remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Available fund-level proxy ratios are below the examined MSCI asset limits, but the underlying portfolio has no universal prohibited-income classification.
- Financial
- Pass
- Overall
- Incomplete
Available fund-level proxy ratios are below the examined Malaysia limits; look-through activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and fund-level prohibited-income convention are not stored.
Business-activity disclosure
EMQQ is an emerging-markets internet and ecommerce ETF. Internet commerce and software are generally permissible, but the portfolio includes gaming/content, fintech and conventional finance exposures and is not Sharia-screened.
Limitation: The issuer discloses holdings and weights but no universal prohibited-revenue allocation across each underlying issuer.
Purification
EMQQ passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.
Inputs, assumptions and primary sources
- EMQQ reported USD 253.754 million in net assets and 57 holdings as of 1 July 2026.
- Top holdings included MercadoLibre 8.40%, Reliance 8.08%, Sea 7.30%, Tencent 6.81%, PDD 6.62%, Nu 6.27%, Alibaba 5.20%, Meituan 3.83% and Bajaj Finance 3.73%.
- The issuer does not provide a school-neutral prohibited-revenue allocation or fund-level debt, cash and receivable lines; zeroes mean not separately reported, not that every underlying issuer has zero exposure.
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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