Is iShares Latin America 40 ETF halal to invest in?

As of September 2026, iShares Latin America 40 ETF ILF 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 Latin America 40 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 Latin America 40 ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Latin America 40 ETF updated?

The Shariah compliance status of iShares Latin America 40 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 Latin America 40 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 Latin America 40 ETF?

You can check the latest Shariah compliance status of iShares Latin America 40 ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares Latin America 40 ETF ILF

ILF Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Latin America 40 ETF is classified as not halal.

NOT HALAL

Is iShares Latin America 40 ETF Halal?

Shariah Compliance Analysis of ILF ETF

US Equity Large Cap

No. As of September 2026, iShares Latin America 40 ETF (ILF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Latin America 40 ETF does not pass Musaffa's business and financial screening criteria.

ILF was created on 2001-10-25 by iShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 2490.78m in AUM and 45 holdings. ILF tracks a market-cap-weighted index of 40 of the largest Latin American firms.

iShares Latin America 40 ETF (ILF) Chart

Key Statistics of iShares Latin America 40 ETF (ILF)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
41.50%
Financials
26.23%
Consumer Staples
10.06%
Materials
8.34%
Industrials
6.38%
Communication Services
3.39%
Health Care
1.41%
Utilities
0.84%
Real Estate
0.72%
Consumer Discretionary
0.59%
Energy
0.54%

FAQ's for iShares Latin America 40 ETF (ILF)

As of September 2026, iShares Latin America 40 ETF ILF 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 Latin America 40 ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares Latin America 40 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 Latin America 40 ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.