What is Abrdn Australia Equity Fund Inc's Shariah compliance score?

Abrdn Australia Equity Fund Inc (IAF) has a Shariah compliance score of 56/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Abrdn Australia Equity Fund Inc pass AAOIFI screening?

Abrdn Australia Equity Fund Inc (IAF) 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% (IAF: 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 Abrdn Australia Equity Fund Inc 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 Abrdn Australia Equity Fund Inc (IAF) using the latest financial data.

Where can I screen Abrdn Australia Equity Fund Inc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Abrdn Australia Equity Fund Inc (IAF) 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 IAF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IAF: Is Abrdn Australia Equity Fund Inc Halal?

Abrdn Australia Equity Fund Inc

AMEXFinancial ServicesUS

$13.39

+1.36%

Market Cap: 128.3M

About Abrdn Australia Equity Fund Inc

The Abrdn Australia Equity Fund Inc. operates as a closed-end equity mutual fund, initially launched and managed by Aberdeen Standard Investments (Asia) Limited. Its current oversight is provided by Aberdeen Standard Investments Australia Limited. The fund's primary objective is to invest in the public equity markets of Australia, allocating capital across companies within diversified sectors. Its investment methodology employs a combination of fundamental analysis with both bottom-up and top-down stock picking. This approach involves a thorough assessment of various elements, including growth potential, competitive advantages in both local and export markets, technological capabilities, research and development initiatives, productivity levels, input costs (such as labor and raw materials), profit margins, return on investment, capital resources, the caliber of management, and prevailing government regulations, all of which contribute to the final portfolio composition. The fund's performance is gauged against the S&P ASX 200 Accumulation Index, and proprietary research also significantly informs its portfolio construction. This fund, established on September 30, 1985, and domiciled in the United States, was formerly recognized as The First Australia Fund, Inc.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Basket Composition

29% 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.

24%

71%

Halal24%

Doubtful0%

Not Halal5%

Unknown71%

Top Holdings

BHPBHP Group LtdHalal11.63%Commonwealth Bank of AustraliaUnknown11.43%National Australia Bank LtdUnknown5.23%ANZ Group Holdings LtdUnknown5.11%RIORio Tinto PLCHalal4.97%Aristocrat Leisure LtdUnknown4.24%Northern Star Resources LtdUnknown4.20%Goodman GroupUnknown4.09%Westpac Banking CorpUnknown3.42%Macquarie Group LtdUnknown3.35%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your IAF Dividends

0.3% non-compliant income

IAF has 0.3% prohibited income. Calculate exactly how much of your dividends to donate.

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Frequently Asked Questions

Is Abrdn Australia Equity Fund Inc (IAF) halal to invest in?

Abrdn Australia Equity Fund Inc (IAF) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Abrdn Australia Equity Fund Inc get a C+ compliance rating?

Abrdn Australia Equity Fund Inc'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 Abrdn Australia Equity Fund Inc's Shariah verdict?

Abrdn Australia Equity Fund Inc'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 Abrdn Australia Equity Fund Inc re-screened for Shariah compliance?

Abrdn Australia Equity Fund Inc (IAF) 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.