Is iShares MSCI Norway ETF halal to invest in?

As of September 2026, iShares MSCI Norway ETF ENOR 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 Norway 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 Norway ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares MSCI Norway ETF updated?

The Shariah compliance status of iShares MSCI Norway 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 Norway 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 Norway ETF?

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

iShares MSCI Norway ETF ENOR

ENOR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares MSCI Norway ETF is classified as not halal.

NOT HALAL

Is iShares MSCI Norway ETF Halal?

Shariah Compliance Analysis of ENOR ETF

US Equity Total Market

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

ENOR was created on 2012-01-23 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 41.54m in AUM and 57 holdings. ENOR tracks a market-cap-weighted index of Norwegian stocks.

iShares MSCI Norway ETF (ENOR) Chart

Key Statistics of iShares MSCI Norway ETF (ENOR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
27.25%
Financials
21.11%
Consumer Staples
14.95%
Industrials
14.20%
Materials
10.17%
Communication Services
6.09%
Information Technology
2.50%
Other
2.00%
Consumer Discretionary
0.62%
Utilities
0.55%
Real Estate
0.51%
Health Care
0.05%

FAQ's for iShares MSCI Norway ETF (ENOR)

As of September 2026, iShares MSCI Norway ETF ENOR 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 Norway ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares MSCI Norway 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 Norway ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.