What is Morgan Stanley India Investment Fund, Inc.'s Shariah compliance score?

Morgan Stanley India Investment Fund, Inc.'s (IIF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Morgan Stanley India Investment Fund, Inc. pass AAOIFI screening?

Morgan Stanley India Investment Fund, Inc. (IIF) 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% (IIF: 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 Morgan Stanley India Investment Fund, Inc. 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 Morgan Stanley India Investment Fund, Inc. (IIF) using the latest financial data.

Where can I screen Morgan Stanley India Investment Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Morgan Stanley India Investment Fund, Inc. (IIF) 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 IIF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IIF: Is Morgan Stanley India Investment Fund, Inc. Halal?

Morgan Stanley India Investment Fund, Inc.

NYSEFinancial ServicesUS

$23.40

+1.61%

Market Cap: 223.8M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Morgan Stanley India Investment Fund, Inc. (IIF) halal? Not Halal. Based on AAOIFI screening, Morgan Stanley India Investment Fund, Inc. 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.

16.5% of 5.0% limit

19% of the basket's holdings were screened individually.

About Morgan Stanley India Investment Fund, Inc.

The Morgan Stanley India Investment Fund, Inc. is a U.S.-domiciled, closed-end equity mutual fund that began operations on December 22, 1993. It was initially established and is primarily managed by Morgan Stanley Investment Management Inc., with co-management responsibilities shared with Morgan Stanley Investment Management Company. The fund's strategy involves investing in the public equity markets of India, specifically targeting shares of companies spanning a wide array of diversified sectors. Its financial performance is benchmarked against the U.S. dollar-adjusted BSE National Index.

Sector: Financial Services · Industry: Asset Management

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% (16.5%)

Basket Composition

19% 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.

17%

80%

Halal3%

Doubtful0%

Not Halal17%

Unknown80%

Top Holdings

IBNICICI Bank LtdNot Halal10.07%HDBHDFC Bank LtdNot Halal5.64%Axis Bank LtdUnknown5.17%Apollo Hospitals Enterprise LtdUnknown3.83%Mahindra & Mahindra LtdUnknown3.77%Shriram Finance LtdUnknown3.32%Bharti Hexacom LtdUnknown3.21%Mankind Pharma LtdUnknown3.09%Grasim Industries LtdUnknown3.05%Bajaj Finance LtdUnknown3.04%

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

+0.17%

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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Frequently Asked Questions

Is Morgan Stanley India Investment Fund, Inc. (IIF) halal to invest in?

Morgan Stanley India Investment Fund, Inc. (IIF) 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 Morgan Stanley India Investment Fund, Inc. get a F compliance rating?

Morgan Stanley India Investment Fund, Inc.'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 Morgan Stanley India Investment Fund, Inc.'s Shariah verdict?

Morgan Stanley India Investment Fund, Inc.'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 Morgan Stanley India Investment Fund, Inc. re-screened for Shariah compliance?

Morgan Stanley India Investment Fund, Inc. (IIF) 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.