IGV

iShares Expanded Tech-Software ETF

HALAL — DATA INCOMPLETEetf

Is IGV Halal?

Software ETF — enterprise and consumer software.

What You Should Know

IGV holds software companies. iShares reported application software at 53.16%, systems software at 43.22% and interactive home entertainment at 3.39% on 30 June 2026; core software is generally permissible, but the fund is not Sharia-screened.

⚠️ Concerns

  • Not Sharia-screened
  • Includes some content concerns
  • Interactive media holdings require review

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.

USD · millions
Interest-bearing debt / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 13,898.996

Cash + interest-bearing securities / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 13,898.996

Receivables + cash / assets
0.00%Within limit
Below 50% under FTSE Yasaar

0 / 13,898.996

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

Reported fund-level proxy ratios are below the examined asset limits, but a comparable prohibited-income numerator is unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
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.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

The available fund-level proxy ratios are below the examined Malaysia limits; look-through activity remains incomplete.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series and fund-level prohibited-income convention are not stored.

Business-activity disclosure

IGV is a North American software pass-through ETF. Enterprise and consumer software are generally permissible, but the portfolio includes interactive media and is not Sharia-screened.

Limitation: The issuer discloses software categories and fund size but no universal prohibited-revenue allocation across every underlying issuer.

Purification

IGV passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.

Inputs, assumptions and primary sources
  • iShares reported USD 13,898.996 million in net assets as of 13 July 2026.
  • The fund had 108 holdings; its 13 July 2026 portfolio was approximately 53.16% application software, 43.22% systems software, 3.39% interactive home entertainment and 0.18% interactive media/services.
  • 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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