Does Voya Global Advantage and Premium Opportunity Fund pass AAOIFI screening?

Voya Global Advantage and Premium Opportunity Fund (IGA) 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% (IGA: 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 Global Advantage and Premium Opportunity 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 Global Advantage and Premium Opportunity Fund (IGA) using the latest financial data.

Where can I screen Voya Global Advantage and Premium Opportunity Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Voya Global Advantage and Premium Opportunity Fund (IGA) 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 IGA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IGA: Is Voya Global Advantage and Premium Opportunity Fund Halal?

Voya Global Advantage and Premium Opportunity Fund

NYSEFinancial ServicesUS

$10.54

+0.29%

Market Cap: 164.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Voya Global Advantage and Premium Opportunity Fund (IGA) halal? Not Halal. Based on AAOIFI screening, Voya Global Advantage and Premium Opportunity 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.

35.3% of 5.0% limit

75% of the basket's holdings were screened individually.

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

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% (35.3%)

Basket Composition

75% 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.

39%

35%

25%

Halal39%

Doubtful1%

Not Halal35%

Unknown25%

Top Holdings

GOOGLALPHABET INCHalal3.73%CSCOCISCO SYSTEMS INCHalal1.81%JNJJOHNSON & JOHNSONHalal1.72%METAMETA PLATFORMS INCHalal1.47%MUMICRON TECHNOLOGY INCHalal1.42%ISHARES TRUSTUnknown1.37%ABBVABBVIE INCHalal1.31%KOCOCA-COLA COMPANY (THE)Halal1.25%TDTORONTO DOMINION BANK (THE)Not Halal1.03%PEPPEPSICO INCHalal0.91%

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

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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 Global Advantage and Premium Opportunity Fund (IGA) halal to invest in?

Voya Global Advantage and Premium Opportunity Fund (IGA) 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 Global Advantage and Premium Opportunity Fund get a F compliance rating?

Voya Global Advantage and Premium Opportunity 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 Global Advantage and Premium Opportunity Fund's Shariah verdict?

Voya Global Advantage and Premium Opportunity 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 Global Advantage and Premium Opportunity Fund re-screened for Shariah compliance?

Voya Global Advantage and Premium Opportunity Fund (IGA) 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.