Is iShares Copper and Metals Mining ETF halal to invest in?

As of September 2026, iShares Copper and Metals Mining ETF ICOP 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 Copper and Metals Mining 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 Copper and Metals Mining ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Copper and Metals Mining ETF updated?

The Shariah compliance status of iShares Copper and Metals Mining 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 Copper and Metals Mining 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 Copper and Metals Mining ETF?

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

iShares Copper and Metals Mining ETF ICOP

ICOP Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Copper and Metals Mining ETF is classified as not halal.

NOT HALAL

Is iShares Copper and Metals Mining ETF Halal?

Shariah Compliance Analysis of ICOP ETF

US Equity Materials

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

ICOP was created on 2023-06-23 by iShares. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 414.6m in AUM and 45 holdings. ICOP tracks a market-capitalization weighted index composed of stocks of copper and metal ore mining companies globally. Stocks are quantitatively screened to identify stocks with significant revenue tied to this space.

iShares Copper and Metals Mining ETF (ICOP) Chart

Key Statistics of iShares Copper and Metals Mining ETF (ICOP)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
95.16%
Other
4.84%

FAQ's for iShares Copper and Metals Mining ETF (ICOP)

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