Is iShares EUR Covered Bond UCITS ETF halal to invest in?

As of September 2026, iShares EUR Covered Bond UCITS ETF ICOV.AS 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 EUR Covered Bond UCITS 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 EUR Covered Bond UCITS ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares EUR Covered Bond UCITS ETF updated?

The Shariah compliance status of iShares EUR Covered Bond UCITS 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 EUR Covered Bond UCITS 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 EUR Covered Bond UCITS ETF?

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

iShares EUR Covered Bond UCITS ETF ICOV.AS

ICOV.AS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares EUR Covered Bond UCITS ETF is classified as not halal.

NOT HALAL

Is iShares EUR Covered Bond UCITS ETF Halal?

Shariah Compliance Analysis of ICOV.AS ETF

GB Fixed Income Investment Grade

No. As of September 2026, iShares EUR Covered Bond UCITS ETF (ICOV.AS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares EUR Covered Bond UCITS ETF does not pass Musaffa's business and financial screening criteria.

ICOV.AS was created on 2008-08-01 by iShares. The fund's investment portfolio concentrates primarily on investment grade fixed income. The Fund seeks to track the performance of an index composed of Euro denominated investment grade covered bonds.

iShares EUR Covered Bond UCITS ETF (ICOV.AS) Chart

Key Statistics of iShares EUR Covered Bond UCITS ETF (ICOV.AS)

Today's Open

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FAQ's for iShares EUR Covered Bond UCITS ETF (ICOV.AS)

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