Is iShares MSCI South Africa ETF halal to invest in?

As of September 2026, iShares MSCI South Africa ETF EZA 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 South Africa 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 South Africa ETF using these criteria to determine its compliance status.

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

The Shariah compliance status of iShares MSCI South Africa 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 South Africa 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 South Africa ETF?

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

iShares MSCI South Africa ETF EZA

EZA Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is iShares MSCI South Africa ETF Halal?

Shariah Compliance Analysis of EZA ETF

US Equity Total Market

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

EZA was created on 2003-02-03 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 589.95m in AUM and 28 holdings. EZA tracks the performance of a market-cap-weighted index of South African stocks. It captures 85% of the publicly available market, excluding all small-caps.

iShares MSCI South Africa ETF (EZA) Chart

Key Statistics of iShares MSCI South Africa ETF (EZA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
40.26%
Materials
19.88%
Consumer Discretionary
19.69%
Consumer Staples
8.64%
Communication Services
4.77%
Industrials
2.18%
Real Estate
1.89%
Health Care
1.53%
Energy
0.91%
Other
0.25%

FAQ's for iShares MSCI South Africa ETF (EZA)

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