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Is Voya Global Advantage and Premium Opportunity Fund Stock Halal?
Shariah Compliance Analysis of IGA Stock
United States N/A Micro Cap No. As of November 2026, Voya Global Advantage and Premium Opportunity Fund (IGA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Voya Global Advantage and Premium Opportunity Fund does not pass Musaffa's business and financial screening criteria.
Voya Global Advantage and Premium Opportunity Fund is a US-based company operating in industry. The company is headquartered in Scottsdale, Arizona. The company went IPO on 2005-10-27. Voya Global Advantage and Premium Opportunity Fund (the Fund) is a diversified, closed-end management investment company. This Fund seeks a high level of income, capital appreciation is secondary. The Fund seeks to achieve its investment objectives by investing in global equities. The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets in a portfolio of common stocks of companies located in different countries throughout the world, including the United States; and utilizing an integrated derivative strategy. The Fund also sells call options, selected indices and/or exchange traded funds (ETFs) at an amount equal to approximately 35% to 100% of the value of the Fund’s holdings in common stocks. The Fund invests in various sectors, including financials, healthcare, industrials, consumer staples, utilities, information technology, consumer discretionary, and communication services. Voya Investments, LLC is the investment adviser of the Fund.
IGA Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Voya Global Advantage and Premium Opportunity Fund is classified as not halal.
NOT HALALVoya Global Advantage and Premium Opportunity Fund (IGA) Chart
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Financial Metrics & Statements of Voya Global Advantage and Premium Opportunity Fund (IGA)
FAQ's for Voya Global Advantage and Premium Opportunity Fund (IGA)
- As of November 2026, Voya Global Advantage and Premium Opportunity Fund IGA 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Voya Global Advantage and Premium Opportunity Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Voya Global Advantage and Premium Opportunity Fund if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Voya Global Advantage and Premium Opportunity Fund by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Voya Global Advantage and Premium Opportunity Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Voya Global Advantage and Premium Opportunity Fund on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Voya Global Advantage and Premium Opportunity Fund (IGA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
