Is iShares MSCI Australia ETF halal to invest in?

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

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

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

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

iShares MSCI Australia ETF EWA

EWA Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Australia ETF Halal?

Shariah Compliance Analysis of EWA ETF

US Equity Total Market

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

EWA was created on 1996-03-12 by iShares. The fund's investment portfolio concentrates primarily on total market equity. EWA tracks a market-cap-weighted index of Australian stocks.

iShares MSCI Australia ETF (EWA) Chart

Key Statistics of iShares MSCI Australia ETF (EWA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
36.49%
Materials
20.58%
Health Care
9.64%
Real Estate
6.63%
Consumer Discretionary
6.36%
Industrials
5.17%
Consumer Staples
4.20%
Energy
3.96%
Communication Services
2.51%
Information Technology
2.28%
Utilities
1.40%
Other
0.78%

FAQ's for iShares MSCI Australia ETF (EWA)

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