Compliance Status
Not Halal
Screened on Oct 8, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Voya Global Advantage and Premium Opportunity Fund (IGA) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Voya Global Advantage and Premium Opportunity 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 Global Advantage and Premium Opportunity Fund (IGA) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/IGA
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
74% of the basket's holdings were screened individually.
IGA: Is Voya Global Advantage and Premium Opportunity Fund Halal?
Voya Global Advantage and Premium Opportunity Fund
$9.95
Market Cap: 155.3M
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About Voya Global Advantage and Premium Opportunity Fund
The Voya Global Advantage and Premium Opportunity Fund, established in the United States on July 7, 2005 (and previously known as the ING Global Advantage and Premium Opportunity Fund), operates as a closed-end equity investment vehicle. It is overseen by Voya Investment Management LLC, with additional management contributions from Voya Investments, LLC, Voya Investment Management Co. LLC, and NNIP Advisors B.V. This fund primarily allocates capital to publicly traded companies across global equity markets, with a focus on value stocks from a wide array of sectors and market capitalizations. Beyond direct stock investments, it also strategically utilizes index call options tied to selected indices, individual equities, or exchange-traded funds. Its portfolio is constructed through a meticulous bottom-up stock picking approach, guided by fundamental analysis and a proprietary discounted cash flow model that evaluates factors like sales performance, profit margins, and capital efficiency. The fund's performance is measured against the MSCI World Index.
Sector: Financial Services · Industry: Asset Management - Global
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why IGA 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% (35.2%)
Basket Composition
74% 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:
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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.