Compliance Status
Not Halal
Screened on Oct 5, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Voya Emerging Markets High Dividend Equity Fund (IHD) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Voya Emerging Markets High Dividend Equity Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Voya Emerging Markets High Dividend Equity Fund (IHD) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/IHD
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
42% of the basket's holdings were screened individually.
IHD: Is Voya Emerging Markets High Dividend Equity Fund Halal?
Voya Emerging Markets High Dividend Equity Fund
$7.48
Market Cap: 138.6M
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About Voya Emerging Markets High Dividend Equity Fund
The Voya Emerging Markets High Dividend Equity Fund is a U.S.-domiciled, closed-end equity mutual fund. Established on April 26, 2011, it was launched by Voya Investment Management LLC and is currently co-managed by ING Investment Management Advisors B.V. and Voya Investments, LLC. The fund, previously known as the ING Emerging Markets High Dividend Equity Fund, primarily invests in publicly traded companies across diverse sectors within global emerging markets. Its core focus is on dividend-paying stocks, though it also utilizes derivatives, such as call options on selected ETFs or international equity indices, to achieve economic exposure similar to direct share ownership. Portfolio construction is driven by a meticulous bottom-up stock selection process, integrating both fundamental and quantitative analysis. The fund's performance is measured against the MSCI Emerging Markets Index.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why IHD 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% (8.3%)
Basket Composition
42% 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.