Compliance Status
Not Halal
Screened on Oct 8, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Voya Asia Pacific High Dividend Equity Income Fund (IAE) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Voya Asia Pacific High Dividend Equity Income Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Voya Asia Pacific High Dividend Equity Income Fund (IAE) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/IAE
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
40% of the basket's holdings were screened individually.
IAE: Is Voya Asia Pacific High Dividend Equity Income Fund Halal?
Voya Asia Pacific High Dividend Equity Income Fund
$7.13
Market Cap: 76.6M
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About Voya Asia Pacific High Dividend Equity Income Fund
The Voya Asia Pacific High Dividend Equity Income Fund operates as a closed-end investment product, primarily focused on equities. It is jointly managed by Voya Investment Management LLC, Voya Investments, LLC, and NNIP Advisors B.V. The fund's objective is to allocate capital to publicly traded companies across the Asia Pacific region, with a significant emphasis on high-dividend-paying stocks from diverse industry sectors. It also strategically invests in derivatives, such as call options on indices or individual equities, when these instruments offer comparable economic exposure to equity securities. The investment approach blends comprehensive fundamental analysis with quantitative methods, utilizing a bottom-up stock-picking strategy that evaluates factors like liquidity, dividend yield, cash flow strength, capital structure, capital expenditures, and operating margins. The fund's performance is measured against the MSCI All Country Asia Pacific ex-Japan Index. Established in the United States on January 8, 2007, it was previously known as the ING Asia Pacific High Dividend Equity Income Fund.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why IAE is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (6.2%)
Basket Composition
40% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.