Is iShares US Medical Devices UCITS ETF USD halal to invest in?

As of September 2026, iShares US Medical Devices UCITS ETF USD UMDV.AS is classified as 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 US Medical Devices UCITS ETF USD 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 US Medical Devices UCITS ETF USD using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares US Medical Devices UCITS ETF USD updated?

The Shariah compliance status of iShares US Medical Devices UCITS ETF USD 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 US Medical Devices UCITS ETF USD 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 US Medical Devices UCITS ETF USD?

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

iShares US Medical Devices UCITS ETF USD UMDV.AS

UMDV.AS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares US Medical Devices UCITS ETF USD is classified as halal.

HALAL

Is iShares US Medical Devices UCITS ETF USD Halal?

Shariah Compliance Analysis of UMDV.AS ETF

GB Equity Health Care

Yes. As of September 2026, iShares US Medical Devices UCITS ETF USD (UMDV.AS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares US Medical Devices UCITS ETF USD passes Musaffa's business and financial screening criteria.

UMDV.AS was created on 2020-08-03 by iShares. The fund's investment portfolio concentrates primarily on health care equity. The ETF currently has 173.57m in AUM and 49 holdings. The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Dow Jones U.S. Select Medical Equipment Capped 35/20 Index.

iShares US Medical Devices UCITS ETF USD (UMDV.AS) Chart

Key Statistics of iShares US Medical Devices UCITS ETF USD (UMDV.AS)

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FAQ's for iShares US Medical Devices UCITS ETF USD (UMDV.AS)

As of September 2026, iShares US Medical Devices UCITS ETF USD UMDV.AS is classified as 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 US Medical Devices UCITS ETF USD using these criteria to determine its compliance status.
The Shariah compliance status of iShares US Medical Devices UCITS ETF USD 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 US Medical Devices UCITS ETF USD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.