Compliance Status
Not Halal
Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Aberdeen India Fund, Inc. (IFN) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Aberdeen India Fund, Inc. 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 Aberdeen India Fund, Inc. (IFN) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/IFN
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
22% of the basket's holdings were screened individually.
IFN: Is Aberdeen India Fund, Inc. Halal?
Aberdeen India Fund, Inc.
$10.57
Market Cap: 450.8M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why IFN 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% (18.5%)
Basket Composition
22% 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 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.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.