Does Voya Infrastructure, Industrials and Materials Fund pass AAOIFI screening?

Voya Infrastructure, Industrials and Materials Fund (IDE) 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% (IDE: 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 Infrastructure, Industrials and Materials 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 Infrastructure, Industrials and Materials Fund (IDE) using the latest financial data.

Where can I screen Voya Infrastructure, Industrials and Materials Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Voya Infrastructure, Industrials and Materials Fund (IDE) 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 IDE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IDE: Is Voya Infrastructure, Industrials and Materials Fund Halal?

Voya Infrastructure, Industrials and Materials Fund

NYSEFinancial ServicesUS

$13.28

+0.30%

Market Cap: 201.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Voya Infrastructure, Industrials and Materials Fund (IDE) halal? Not Halal. Based on AAOIFI screening, Voya Infrastructure, Industrials and Materials 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.

16.5% of 5.0% limit

63% of the basket's holdings were screened individually.

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

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% (16.5%)

Basket Composition

63% 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.

44%

17%

37%

Halal44%

Doubtful2%

Not Halal17%

Unknown37%

Top Holdings

ISHARES TRUSTUnknown2.14%CSCOCISCO SYSTEMS INCHalal1.63%GEGE AEROSPACEHalal1.54%ABBNYABB LTD (CH)Halal1.40%ROLLS-ROYCE HOLDINGS PLCUnknown1.30%CATCATERPILLAR INCHalal1.28%SIEGYSIEMENS AGDoubtful1.12%SAFRYSAFRAN SAHalal1.12%ANETARISTA NETWORKS INCHalal1.11%DTEGYDEUTSCHE TELEKOM AGNot Halal1.06%

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:

GLDA+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is Voya Infrastructure, Industrials and Materials Fund (IDE) halal to invest in?

Voya Infrastructure, Industrials and Materials Fund (IDE) 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 Infrastructure, Industrials and Materials Fund get a F compliance rating?

Voya Infrastructure, Industrials and Materials 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 Infrastructure, Industrials and Materials Fund's Shariah verdict?

Voya Infrastructure, Industrials and Materials 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 Infrastructure, Industrials and Materials Fund re-screened for Shariah compliance?

Voya Infrastructure, Industrials and Materials Fund (IDE) 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.