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Pacer Developed Markets International Cash Cows 100 ETF ICOW
ICOW Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Pacer Developed Markets International Cash Cows 100 ETF is classified as not halal.
NOT HALAL
Is Pacer Developed Markets International Cash Cows 100 ETF Halal?
Shariah Compliance Analysis of ICOW ETF
No. As of September 2026, Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Pacer Developed Markets International Cash Cows 100 ETF does not pass Musaffa's business and financial screening criteria.
ICOW was created on 2017-06-16 by Pacer. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1425.68m in AUM and 102 holdings. ICOW tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow.
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) Chart
Key Statistics of Pacer Developed Markets International Cash Cows 100 ETF (ICOW)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Industrials28.45%
- Other19.44%
- Energy13.51%
- Consumer Discretionary11.62%
- Materials11.30%
- Consumer Staples6.38%
- Utilities3.35%
- Communication Services3.34%
- Health Care2.08%
- Information Technology0.53%
FAQ's for Pacer Developed Markets International Cash Cows 100 ETF (ICOW)
- As of September 2026, Pacer Developed Markets International Cash Cows 100 ETF ICOW 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 Pacer Developed Markets International Cash Cows 100 ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Pacer Developed Markets International Cash Cows 100 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 Pacer Developed Markets International Cash Cows 100 ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
