ISWD
iShares MSCI World Islamic UCITS ETF
Is ISWD Halal?
Global Sharia-screened equity ETF — certified halal.
What You Should Know
BlackRock's October 31, 2025 annual report shows $863.1 million of net assets and $12.7 million of dividend-led operating income. ISWD tracks the MSCI Developed World Islamic Index; index methodology and school-specific interpretations still matter.
⚠️ Concerns
- •Underlying companies are screened by the index rather than by a universal school-neutral rule
- •Currency-hedged share classes can use derivatives
Current quantitative Sharia screen
Based on Annual Report figures for the period ended 2025-10-31; calculated 2026-07-14.
0 / 863.469
2.189 / 863.469
3.043 / 863.469
0 / 12.673
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 0.25%, receivables plus cash/assets is 0.35% and reported interest income is 0.00%; underlying-issuer activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Reported debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets limits, but underlying-issuer activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
The licensed underlying market-cap series and issuer-level numerator are not stored in this fund record.
Business-activity disclosure
ISWD invests directly in developed-world companies that BlackRock describes as complying with Sharia investment principles and tracks the MSCI Developed World Islamic Index. The fund's own accounts do not provide one school-neutral prohibited-revenue numerator for every underlying company.
Limitation: The annual report gives aggregate fund accounts and holdings but not a universal underlying-issuer activity allocation or purification schedule.
Purification
No fund-level interest income is disclosed, but ZakatInvest does not infer an underlying-issuer purification percentage from aggregate dividends.
Inputs, assumptions and primary sources
- Amounts are USD millions from the audited iShares II plc annual report as of October 31, 2025.
- ISWD reports cash of $2.189 million, receivables of $0.854 million and $860.426 million of financial assets at fair value, all identified as equities; no debt securities or interest-bearing debt balance is reported for this sub-fund.
- Operating income is $12.673 million, consisting of $12.672 million dividend income and $0.001 million other reimbursements; the report discloses no interest income for ISWD.
- The fund tracks the MSCI Developed World Islamic Index; fund-level figures do not replace the index provider's underlying issuer 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.
Similar ETFs
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →