Is Voya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND (IGD) 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 | 73.4% | |
| Net Margin | 366.7% | |
| Return on Equity (ROE) | 11.3% | |
| Return on Assets (ROA) | 1.3% |
Cash Flow & Balance Sheet
| Current Ratio | 2.6 |
| Total Assets | $491M |
Price & Trading
| Last Close | $5.75 |
| 50-Day MA | $5.83 |
| 200-Day MA | $5.82 |
| Avg Volume | 310K |
| Beta | 0.5 |
|
52-Week Range
$5.01
| |
About Voya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND (IGD)
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.
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Frequently Asked Questions
Is Voya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND (IGD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Voya GLOBAL EQUITY DIVIDEND & 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 EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND's debt ratio?
Voya GLOBAL EQUITY DIVIDEND & 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 EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND's key financial metrics?
Voya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND has a market capitalization of $445M, trailing P/E ratio of 8.1, and revenue of $68M. The company maintains a gross margin of 100.0% and a net margin of 366.7%. 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.