Is Voya Emerging Markets High Dividend Equity Fund (IHD) 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Total Assets | $105M |
Price & Trading
| Last Close | $6.45 |
| 50-Day MA | $6.80 |
| 200-Day MA | $6.28 |
| Avg Volume | 128K |
|
52-Week Range
$4.54
| |
About Voya Emerging Markets High Dividend Equity Fund (IHD)
Voya Emerging Markets High Dividend Equity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by ING Investment Management Advisors B.V. and Voya Investments, LLC. It invests in public equity markets of emerging market countries 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. The fund also invests through derivatives having economic characteristics similar to the equity securities, such as call options on selected ETF's, and/or international, regional or country indices of equity securities. It employs both fundamental and quantitative analysis with a bottom-up stock selection process to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets Index. It was formerly known as ING Emerging Markets High Dividend Equity Fund. Voya Emerging Markets High Dividend Equity Fund was formed on April 26, 2011 and is domiciled in the United States.
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Frequently Asked Questions
Is Voya Emerging Markets High Dividend Equity Fund (IHD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Voya Emerging Markets High Dividend Equity 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 Emerging Markets High Dividend Equity Fund's debt ratio?
Voya Emerging Markets High Dividend Equity 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 Emerging Markets High Dividend Equity Fund's key financial metrics?
Voya Emerging Markets High Dividend Equity Fund has a market capitalization of $114M, trailing P/E ratio of 6.9, and revenue of $10M.
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.