Does Voya Asia Pacific High Dividend Equity Income Fund pass AAOIFI screening?

Voya Asia Pacific High Dividend Equity Income Fund (IAE) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (IAE: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Voya Asia Pacific High Dividend Equity Income Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Voya Asia Pacific High Dividend Equity Income Fund (IAE) using the latest financial data.

Where can I screen Voya Asia Pacific High Dividend Equity Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Voya Asia Pacific High Dividend Equity Income Fund (IAE) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about IAE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IAE: Is Voya Asia Pacific High Dividend Equity Income Fund Halal?

Voya Asia Pacific High Dividend Equity Income Fund

NYSEFinancial ServicesUS

$8.91

+2.06%

Market Cap: 95.8M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Voya Asia Pacific High Dividend Equity Income Fund (IAE) halal? Not Halal. Based on AAOIFI screening, Voya Asia Pacific High Dividend Equity Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

6.1% of 5.0% limit

40% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (6.1%)

Basket Composition

40% of basket screened

ETFs 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.

34%

60%

Halal34%

Doubtful0%

Not Halal6%

Unknown60%

Top Holdings

TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDHalal14.34%SSNLFSAMSUNG ELECTRONICS CO LTDHalal8.47%SKHYSK HYNIX INCHalal6.99%ISHARES TRUSTUnknown2.43%BHPBHP GROUP LTDHalal1.86%TENCENT HOLDINGS LTDUnknown1.85%DELTA ELECTRONICS INCUnknown1.76%BABAALIBABA GROUP HOLDING LTDNot Halal1.45%HON HAI PRECISION INDUSTRY COMPANY LTDUnknown1.24%ANZ GROUP HOLDINGS LTDUnknown1.07%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Sprott Physical Silver Trust

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PHYSA+

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$31.75

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CEFA+

Sprott Physical Gold and Silver Trust

$43.28

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Frequently Asked Questions

Is Voya Asia Pacific High Dividend Equity Income Fund (IAE) halal to invest in?

Voya Asia Pacific High Dividend Equity Income Fund (IAE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Voya Asia Pacific High Dividend Equity Income Fund get a F compliance rating?

Voya Asia Pacific High Dividend Equity Income Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Voya Asia Pacific High Dividend Equity Income Fund's Shariah verdict?

Voya Asia Pacific High Dividend Equity Income Fund's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Voya Asia Pacific High Dividend Equity Income Fund re-screened for Shariah compliance?

Voya Asia Pacific High Dividend Equity Income Fund (IAE) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to 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. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and 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.