Does Voya Global Equity Dividend and Premium Opportunity Fund pass AAOIFI screening?

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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% (IGD: 0.0%), (3) interest-bearing deposits below 30% (IGD: 0.0%), and (4) prohibited income below 5% (IGD: 23.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Voya Global Equity Dividend and Premium Opportunity Fund stock?

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) has a non-permissible income ratio of 23.11%. Muslim investors should purify this percentage of any dividends received and capital gains realized from IGD shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Voya Global Equity Dividend and Premium Opportunity Fund (IGD) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about IGD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IGD: Is Voya Global Equity Dividend and Premium Opportunity Fund Halal?

Voya Global Equity Dividend and Premium Opportunity Fund

NYSEFinancial ServicesUS

$6.20

+0.16%

Market Cap: 489.0M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Voya Global Equity Dividend and Premium Opportunity Fund (IGD) halal? Not Halal. Based on AAOIFI screening, Voya Global Equity Dividend 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.

36.9% of 5.0% limit

74% of the basket's holdings were screened individually.

About Voya Global Equity Dividend and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies having a market capitalization of $1 billion or more. The fund also invests through call options on selected indices, individual securities, and/or exchange traded funds. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. It was formerly known as ING Global Equity Dividend and Premium Opportunity Fund. Voya Global Equity Dividend and Premium Opportunity Fund was formed on March 28, 2005 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 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% (36.9%)

Basket Composition

74% 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.

34%

37%

26%

Halal34%

Doubtful3%

Not Halal37%

Unknown26%

Top Holdings

GOOGLAlphabet Inc.Halal3.13%JNJJohnson & JohnsonHalal1.94%METAMeta Platforms IncHalal1.83%PGThe Procter & Gamble Co.Halal1.47%ABBVAbbVie Inc.Halal1.43%KOCoca-Cola Co (The)Halal1.32%CSCOCisco Systems, Inc.Halal1.22%VZVerizon Communications Inc.Not Halal1.10%PEPPepsico IncHalal1.09%TDThe Toronto-Dominion BankNot Halal1.02%

Compliance History

Not Halalnow
since Jun 2026
Under Review
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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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Voya Global Equity Dividend and Premium Opportunity Fund (IGD) halal to invest in?

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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 Equity Dividend and Premium Opportunity Fund get a F compliance rating?

Voya Global Equity Dividend 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 Equity Dividend and Premium Opportunity Fund's Shariah verdict?

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

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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: Jul 15, 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.