Is iShares MSCI Italy ETF halal to invest in?

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

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

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

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

iShares MSCI Italy ETF EWI

EWI Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Italy ETF Halal?

Shariah Compliance Analysis of EWI ETF

US Equity Total Market

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

EWI was created on 1996-03-12 by iShares. The fund's investment portfolio concentrates primarily on total market equity. EWI tracks a market-cap-weighted index of Italian companies excluding small-caps. It covers the top 85% of Italian companies by market cap.

iShares MSCI Italy ETF (EWI) Chart

Key Statistics of iShares MSCI Italy ETF (EWI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
39.56%
Consumer Discretionary
18.67%
Utilities
18.53%
Industrials
6.55%
Energy
6.46%
Health Care
4.96%
Communication Services
3.09%
Consumer Staples
2.03%
Other
0.15%

FAQ's for iShares MSCI Italy ETF (EWI)

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