Is iShares MSCI New Zealand ETF halal to invest in?

As of September 2026, iShares MSCI New Zealand ETF ENZL 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 New Zealand 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 New Zealand ETF using these criteria to determine its compliance status.

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

The Shariah compliance status of iShares MSCI New Zealand 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 New Zealand 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 New Zealand ETF?

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

iShares MSCI New Zealand ETF ENZL

ENZL Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI New Zealand ETF Halal?

Shariah Compliance Analysis of ENZL ETF

US Equity Total Market

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

ENZL was created on 2010-09-01 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 66.34m in AUM and 26 holdings. ENZL tracks the performance of a market-cap-weighted index of the top 25 equity securities in the New Zealand equity market, selected by market-cap.

iShares MSCI New Zealand ETF (ENZL) Chart

Key Statistics of iShares MSCI New Zealand ETF (ENZL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
30.74%
Industrials
30.56%
Real Estate
14.77%
Utilities
12.80%
Communication Services
4.83%
Information Technology
2.01%
Consumer Discretionary
1.45%
Financials
1.37%
Energy
1.26%
Other
0.21%

FAQ's for iShares MSCI New Zealand ETF (ENZL)

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