Is iShares MSCI All Country Asia ex Japan ETF halal to invest in?

As of September 2026, iShares MSCI All Country Asia ex Japan ETF AAXJ is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is iShares MSCI All Country Asia ex Japan ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes iShares MSCI All Country Asia ex Japan ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares MSCI All Country Asia ex Japan ETF updated?

The Shariah compliance status of iShares MSCI All Country Asia ex Japan ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like iShares MSCI All Country Asia ex Japan ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of iShares MSCI All Country Asia ex Japan ETF?

You can check the latest Shariah compliance status of iShares MSCI All Country Asia ex Japan ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares MSCI All Country Asia ex Japan ETF AAXJ

AAXJ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares MSCI All Country Asia ex Japan ETF is classified as not halal.

NOT HALAL

Is iShares MSCI All Country Asia ex Japan ETF Halal?

Shariah Compliance Analysis of AAXJ ETF

US Equity Total Market

No. As of September 2026, iShares MSCI All Country Asia ex Japan ETF (AAXJ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares MSCI All Country Asia ex Japan ETF does not pass Musaffa's business and financial screening criteria.

AAXJ was created on 2008-08-13 by iShares. The fund's investment portfolio concentrates primarily on total market equity. AAXJ tracks a market-cap weighted index that holds securities from global markets in Asia, excluding Japan

iShares MSCI All Country Asia ex Japan ETF (AAXJ) Chart

Key Statistics of iShares MSCI All Country Asia ex Japan ETF (AAXJ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
26.75%
Financials
16.24%
Other
14.37%
Consumer Discretionary
9.27%
Communication Services
8.03%
Industrials
6.96%
Materials
3.97%
Consumer Staples
3.83%
Health Care
3.09%
Utilities
2.74%
Energy
2.74%
Real Estate
2.01%

FAQ's for iShares MSCI All Country Asia ex Japan ETF (AAXJ)

As of September 2026, iShares MSCI All Country Asia ex Japan ETF AAXJ is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes iShares MSCI All Country Asia ex Japan ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares MSCI All Country Asia ex Japan ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of iShares MSCI All Country Asia ex Japan ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.