IEMG
iShares Core MSCI Emerging Markets ETF
Is IEMG Halal?
Core EM ETF — same concerns as EEM.
What You Should Know
IEMG is not Sharia-screened. iShares reported financials at 18.48% of the portfolio on 13 July 2026, with every underlying issuer still requiring separate review.
⚠️ Concerns
- •Financials were 18.48% of the portfolio
- •No Sharia screening
- •Underlying issuers require screening
Current quantitative Sharia screen
Based on Daily issuer holdings and net-assets page figures for the period ended 2026-07-13; calculated 2026-07-14.
0 / 151,717.58
0 / 151,717.58
0 / 151,717.58
- Financial
- Incomplete
- Overall
- Incomplete
Reported fund-level proxy ratios are below the examined asset limits, but a comparable prohibited-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
The available fund-level proxy ratios are below the examined MSCI asset limits; the underlying portfolio has no universal prohibited-income classification.
- Financial
- Pass
- Overall
- Incomplete
The 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
IEMG is a broad emerging-markets pass-through ETF tracking a conventional index. The portfolio has substantial financial-sector exposure and is not Sharia-screened.
Limitation: The issuer discloses portfolio weights and fund net assets but no universal prohibited-revenue allocation across every underlying issuer.
Purification
IEMG passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.
Inputs, assumptions and primary sources
- iShares reported USD 151,717,579,597 net assets as of 13 July 2026.
- The same page reported 2,826 holdings and sector weights of information technology 39.79%, financials 18.48%, consumer discretionary 8.35% and industrials 7.66%; these are look-through observations, not a universal Sharia screen.
- The issuer page 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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