Is iShares MSCI Germany Small Cap ETF halal to invest in?

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

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

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

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

iShares MSCI Germany Small Cap ETF EWGS

EWGS Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Germany Small Cap ETF Halal?

Shariah Compliance Analysis of EWGS ETF

US Equity Small Cap

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

EWGS was created on 2012-01-25 by iShares. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 19.35m in AUM and 113 holdings. EWGS tracks an index of the smallest German companies, selected and weighted by market cap.

iShares MSCI Germany Small Cap ETF (EWGS) Chart

Key Statistics of iShares MSCI Germany Small Cap ETF (EWGS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
24.76%
Information Technology
16.79%
Materials
12.93%
Health Care
11.69%
Communication Services
9.67%
Consumer Discretionary
9.17%
Real Estate
4.01%
Financials
3.69%
Consumer Staples
3.03%
Other
1.85%
Utilities
1.51%
Energy
0.90%

FAQ's for iShares MSCI Germany Small Cap ETF (EWGS)

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