Is iShares MSCI Brazil ETF halal to invest in?

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

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

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

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

iShares MSCI Brazil ETF EWZ

EWZ Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI Brazil ETF Halal?

Shariah Compliance Analysis of EWZ ETF

US Equity Total Market

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

EWZ was created on 2000-07-10 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 6531.31m in AUM and 47 holdings. EWZ tracks a market-cap-weighted index of Brazilian firms covering the entire market-cap spectrum.

iShares MSCI Brazil ETF (EWZ) Chart

Key Statistics of iShares MSCI Brazil ETF (EWZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
25.10%
Other
16.01%
Materials
13.58%
Energy
12.05%
Industrials
9.19%
Utilities
8.22%
Consumer Staples
8.12%
Health Care
2.57%
Consumer Discretionary
2.23%
Communication Services
2.22%
Information Technology
0.71%

FAQ's for iShares MSCI Brazil ETF (EWZ)

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