Compliance Status
Not Halal
Screened on Oct 10, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Morgan Stanley Emerging Markets Debt Fund, Inc. 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 Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/MSD
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.

MSD: Is Morgan Stanley Emerging Markets Debt Fund, Inc. Halal?
Morgan Stanley Emerging Markets Debt Fund, Inc.
$6.77
Market Cap: 137.0M
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About Morgan Stanley Emerging Markets Debt Fund, Inc.
The Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) is a closed-end investment vehicle specializing in fixed income, managed by Morgan Stanley Investment Management Inc. Its core objective is to invest in debt instruments across global emerging market economies. The fund's portfolio predominantly comprises debt securities issued by sovereign governments, government-related entities, and corporations domiciled in or operating within these emerging nations. Additionally, it allocates capital to debt from organizations specifically formed to restructure the outstanding obligations of such issuers. The fund's performance is gauged against the JP Morgan Emerging Markets Bond Global Index. MSD was established in the United States on May 6, 1993.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why MSD 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% (99.3%)
Basket Composition
99% 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.




