Is Voya Global Advantage & Premium Opportunity Fund (IGA) Halal?
Shariah Screening — 5 Standards
Based on financial data from February 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 72.3% | |
| Net Margin | 364.8% | |
| Return on Equity (ROE) | 11.3% | |
| Return on Assets (ROA) | 1.3% |
Cash Flow & Balance Sheet
| Current Ratio | 3.2 |
| Total Assets | $162M |
Price & Trading
| Last Close | $9.43 |
| 50-Day MA | $9.81 |
| 200-Day MA | $9.80 |
| Avg Volume | 60K |
| Beta | 0.5 |
|
52-Week Range
$8.43
| |
About Voya Global Advantage & Premium Opportunity Fund (IGA)
Voya Global Advantage 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, Voya Investment Management Co. 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 value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds. It employs fundamental analysis with a bottom-up stock picking approach and a proprietary discounted cash flow valuation model, focusing on such factors as sales, margins, and capital use to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. It was formerly known as ING Global Advantage and Premium Opportunity Fund. Voya Global Advantage and Premium Opportunity Fund was formed on July 7, 2005 and is domiciled in the United States.
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Frequently Asked Questions
Is Voya Global Advantage & Premium Opportunity Fund (IGA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Voya Global Advantage & Premium Opportunity Fund is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Voya Global Advantage & Premium Opportunity Fund's debt ratio?
Voya Global Advantage & Premium Opportunity Fund's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Voya Global Advantage & Premium Opportunity Fund's key financial metrics?
Voya Global Advantage & Premium Opportunity Fund has a market capitalization of $143M, trailing P/E ratio of 7.9, and revenue of $23M. The company maintains a gross margin of 100.0% and a net margin of 364.8%. Return on equity stands at 11.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.