Is iShares MSCI Russia ETF halal to invest in?

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

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

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

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

iShares MSCI Russia ETF ERUS

ERUS Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Russia ETF Halal?

Shariah Compliance Analysis of ERUS ETF

US Equity Total Market

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

ERUS was created on 2010-11-09 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 3.67m in AUM and 25 holdings. ERUS is an actively managed fund for exposure to Russian equities.

iShares MSCI Russia ETF (ERUS) Chart

Key Statistics of iShares MSCI Russia ETF (ERUS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
97.01%
Utilities
1.65%
Energy
0.66%
Financials
0.39%
Materials
0.24%
Communication Services
0.04%
Consumer Staples
0.01%
Consumer Discretionary
0.00%

FAQ's for iShares MSCI Russia ETF (ERUS)

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