Is iShares North American Natural Resources ETF halal to invest in?

As of September 2026, iShares North American Natural Resources ETF IGE 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 North American Natural Resources 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 North American Natural Resources ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares North American Natural Resources ETF updated?

The Shariah compliance status of iShares North American Natural Resources 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 North American Natural Resources 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 North American Natural Resources ETF?

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

iShares North American Natural Resources ETF IGE

IGE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares North American Natural Resources ETF is classified as not halal.

NOT HALAL

Is iShares North American Natural Resources ETF Halal?

Shariah Compliance Analysis of IGE ETF

US Equity Theme

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

IGE was created on 2001-10-22 by iShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 650.58m in AUM and 138 holdings. IGE tracks a market-cap-weighted index of US-listed natural-resource-related companies.

iShares North American Natural Resources ETF (IGE) Chart

Key Statistics of iShares North American Natural Resources ETF (IGE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
76.32%
Materials
23.30%
Other
0.38%

FAQ's for iShares North American Natural Resources ETF (IGE)

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