Compliance Status
Not Halal
Screened on Oct 6, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Voya Infrastructure, Industrials and Materials Fund (IDE) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Voya Infrastructure, Industrials and Materials Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Voya Infrastructure, Industrials and Materials Fund (IDE) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/IDE
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
62% of the basket's holdings were screened individually.
IDE: Is Voya Infrastructure, Industrials and Materials Fund Halal?
Voya Infrastructure, Industrials and Materials Fund
$12.28
Market Cap: 186.1M
Get an email if IDE's halal status changes
We re-screen Voya Infrastructure, Industrials and Materials Fund daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
About Voya Infrastructure, Industrials and Materials Fund
The Voya Infrastructure, Industrials and Materials Fund (IDE) is a closed-end equity mutual fund, initiated by Voya Investment Management LLC. Its management responsibilities are shared between Voya Investments, LLC and Voya Investment Management Co. LLC. The fund's investment mandate is global, targeting publicly traded equities, specifically focusing on enterprises within the infrastructure, industrials, and materials sectors. A core strategy involves identifying and investing predominantly in value stocks. Beyond direct equity holdings, the fund also strategically employs derivatives, such as call options on selected indices or exchange-traded funds, which possess economic characteristics akin to equity securities. Portfolio construction is guided by a rigorous, bottom-up fundamental analysis. This approach prioritizes companies demonstrating strong growth prospects, resilient earnings capabilities across various market cycles, disciplined capital allocation, and a formidable competitive position. Its financial performance is benchmarked against the MSCI All Country World Index. Initially established on January 26, 2010, and domiciled in the United States, the fund was previously known as the ING Infrastructure, Industrials and Materials Fund.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why IDE 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% (16.1%)
Basket Composition
62% 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:
More Financial Services Stocks
Know the day IDE's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Voya Infrastructure, Industrials and Materials Fund (IDE) halal to invest in?
Why did Voya Infrastructure, Industrials and Materials Fund get a F compliance rating?
What could change Voya Infrastructure, Industrials and Materials Fund's Shariah verdict?
How often is Voya Infrastructure, Industrials and Materials Fund re-screened for Shariah compliance?
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.