Is iShares MSCI Germany ETF halal to invest in?

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

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

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

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

iShares MSCI Germany ETF EWG

EWG Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Germany ETF Halal?

Shariah Compliance Analysis of EWG ETF

US Equity Total Market

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

EWG was created on 1996-03-12 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1761.1m in AUM and 55 holdings. EWG tracks a market cap-weighted index of large- and mid-cap German companies.

iShares MSCI Germany ETF (EWG) Chart

Key Statistics of iShares MSCI Germany ETF (EWG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
20.33%
Financials
20.23%
Information Technology
19.29%
Consumer Discretionary
9.82%
Communication Services
7.84%
Health Care
6.42%
Materials
5.98%
Utilities
3.33%
Other
2.87%
Real Estate
2.03%
Consumer Staples
1.86%

FAQ's for iShares MSCI Germany ETF (EWG)

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