Is iShares Morningstar U.S. Equity ETF halal to invest in?

As of September 2026, iShares Morningstar U.S. Equity ETF ILCB 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 Morningstar U.S. Equity 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 Morningstar U.S. Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Morningstar U.S. Equity ETF updated?

The Shariah compliance status of iShares Morningstar U.S. Equity 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 Morningstar U.S. Equity 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 Morningstar U.S. Equity ETF?

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

iShares Morningstar U.S. Equity ETF ILCB

ILCB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Morningstar U.S. Equity ETF is classified as not halal.

NOT HALAL

Is iShares Morningstar U.S. Equity ETF Halal?

Shariah Compliance Analysis of ILCB ETF

US Equity Total Market

No. As of September 2026, iShares Morningstar U.S. Equity ETF (ILCB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Morningstar U.S. Equity ETF does not pass Musaffa's business and financial screening criteria.

ILCB was created on 2004-06-28 by iShares. The fund's investment portfolio concentrates primarily on total market equity. ILCB tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum.

iShares Morningstar U.S. Equity ETF (ILCB) Chart

Key Statistics of iShares Morningstar U.S. Equity ETF (ILCB)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
30.59%
Health Care
11.83%
Financials
11.48%
Consumer Discretionary
10.21%
Industrials
8.83%
Communication Services
7.03%
Consumer Staples
5.85%
Other
3.64%
Energy
3.40%
Utilities
2.41%
Real Estate
2.39%
Materials
2.34%

FAQ's for iShares Morningstar U.S. Equity ETF (ILCB)

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