What is Aberdeen India Fund, Inc.'s Shariah compliance score?

Aberdeen India Fund, Inc.'s (IFN) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Aberdeen India Fund, Inc. pass AAOIFI screening?

Aberdeen India Fund, Inc. (IFN) 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% (IFN: 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 Aberdeen India 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 Aberdeen India Fund, Inc. (IFN) using the latest financial data.

Where can I screen Aberdeen India Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Aberdeen India Fund, Inc. (IFN) 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 IFN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IFN: Is Aberdeen India Fund, Inc. Halal?

Aberdeen India Fund, Inc.

NYSEFinancial ServicesUS

$11.87

+0.59%

Market Cap: 506.3M

Compliance Status

Not Halal

Screened on Aug 28, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Aberdeen India Fund, Inc. (IFN) halal? Not Halal. Based on AAOIFI screening, Aberdeen India Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Aberdeen India Fund, Inc. (IFN) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Aug 28, 2026. Source: https://halalscreener.app/en/stock/IFN

Basket rule

Over the limit

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

19.2% of 5.0% limit

24% of the basket's holdings were screened individually.

About Aberdeen India Fund, Inc.

The Aberdeen India Fund, Inc. operates as a closed-end investment vehicle focused on equities, with its management entrusted to Aberdeen Standard Investments (Asia) Limited. This fund primarily directs its capital towards India's publicly traded stock markets, seeking out investment opportunities in companies across the entire market capitalization spectrum, including small, mid, and large-sized enterprises. Its investment methodology combines rigorous quantitative analysis with in-depth fundamental research, adopting a bottom-up stock selection process and strategic asset allocation to build its portfolio. Formed on December 27, 1993, and legally registered in Singapore, the fund's performance is gauged against the IFC Investable India Index.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 28, 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% (19.2%)

Basket Composition

24% 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.

19%

76%

Halal3%

Doubtful2%

Not Halal19%

Unknown76%

Top Holdings

HDBHDFC Bank LtdNot Halal8.67%IBNICICI Bank LtdNot Halal8.39%Bharti Airtel LtdUnknown6.84%Mahindra & Mahindra LtdUnknown5.25%SBI Life Insurance Co LtdUnknown4.03%NTPC LtdUnknown3.91%INFYInfosys LtdHalal2.96%Bajaj Finance LtdUnknown2.78%UltraTech Cement LtdUnknown2.63%Indian Hotels Co Ltd/TheUnknown2.58%

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

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+

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SLVA+

iShares Silver Trust

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+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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Frequently Asked Questions

Is Aberdeen India Fund, Inc. (IFN) halal to invest in?

Aberdeen India Fund, Inc. (IFN) 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 Aberdeen India Fund, Inc. get a F compliance rating?

Aberdeen India 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 Aberdeen India Fund, Inc.'s Shariah verdict?

Aberdeen India 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 Aberdeen India Fund, Inc. re-screened for Shariah compliance?

Aberdeen India Fund, Inc. (IFN) 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 28, 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.