Is Western Asset Emerging Markets Debt Fund Inc. (EMD) halal? Not Halal. Based on AAOIFI screening, Western Asset Emerging Markets Debt Fund Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
EMD: Is Western Asset Emerging Markets Debt Fund Inc. Halal?
Not HalalWestern Asset Emerging Markets Debt Fund Inc.
$10.36
+0.10%
About Western Asset Emerging Markets Debt Fund Inc.
Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe. It seeks to invest in fixed income securities issued by governments, government-related entities, and corporations which are of any maturity and quality. The fund employs fundamental analysis along with a top-down security picking approach focusing on factors like currency, inflation and interest rate trends, growth rate forecasts, liquidity of markets for that country's debt, political outlook, tax environment to create its portfolio. It benchmarks the performance of its portfolio against the JPMorgan Emerging Markets Bond Index Global. The fund was formerly known as Salomon Brothers Emerging Markets Debt Fund Inc. Western Asset Emerging Markets Debt Fund Inc. was formed on December 1, 2003 and is domiciled in the United States.
Sector: Financial Services 路 Industry: Asset Management
Shariah Compliance Status
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (136.2%)
Basket Composition
100% 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
Compliance History
Not Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
602.2M
Price
$10.36
Sector
Financial Services
Industry
Asset Management
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Track EMD and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Frequently Asked Questions
Is Western Asset Emerging Markets Debt Fund Inc. (EMD) halal to invest in?
Why did Western Asset Emerging Markets Debt Fund Inc. get a F compliance rating?
What could change Western Asset Emerging Markets Debt Fund Inc.'s Shariah verdict?
How often is Western Asset Emerging Markets Debt Fund Inc. re-screened for Shariah compliance?
Screened according to AAOIFI Standard No. 21 路 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.