Is iShares MSCI Spain ETF halal to invest in?

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

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

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

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

iShares MSCI Spain ETF EWP

EWP Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Spain ETF Halal?

Shariah Compliance Analysis of EWP ETF

US Equity Total Market

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

EWP was created on 1996-03-12 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1793.62m in AUM and 22 holdings. EWP tracks a market-cap-weighted index of Spanish companies. It covers the top 85% of Spanish companies by market cap.

iShares MSCI Spain ETF (EWP) Chart

Key Statistics of iShares MSCI Spain ETF (EWP)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
35.14%
Utilities
27.40%
Industrials
12.83%
Consumer Discretionary
9.35%
Communication Services
9.07%
Energy
3.91%
Health Care
2.04%
Other
0.26%

FAQ's for iShares MSCI Spain ETF (EWP)

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