Is Aberdeen India Fund, Inc. (IFN) halal? Not Halal. Based on AAOIFI screening, Aberdeen India Fund, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Aberdeen India Fund, Inc.

IFN: Is Aberdeen India Fund, Inc. Halal?

Not Halal

Aberdeen India Fund, Inc.

NYSEFinancial ServicesSG

$10.85

+0.46%

About Aberdeen India Fund, Inc.

The Aberdeen India Fund, Inc. operates as a closed-end investment vehicle focused on equities, with its management entrusted to Aberdeen Standard Investments (Asia) Limited. This fund primarily directs its capital towards India's publicly traded stock markets, seeking out investment opportunities in companies across the entire market capitalization spectrum, including small, mid, and large-sized enterprises. Its investment methodology combines rigorous quantitative analysis with in-depth fundamental research, adopting a bottom-up stock selection process and strategic asset allocation to build its portfolio. Formed on December 27, 1993, and legally registered in Singapore, the fund's performance is gauged against the IFC Investable India Index.

Sector: Financial Services 路 Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap0.0% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

462.8M

Price

$10.85

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:

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$10.42

+0.29%

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Frequently Asked Questions

Is Aberdeen India Fund, Inc. (IFN) halal to invest in?
Aberdeen India Fund, Inc. (IFN) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Aberdeen India Fund, Inc. get a F compliance rating?
Aberdeen India Fund, Inc. (IFN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 2.4% (limit 30%); prohibited income of 6.71% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Aberdeen India Fund, Inc.'s Shariah verdict?
Aberdeen India Fund, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Aberdeen India Fund, Inc. re-screened for Shariah compliance?
Aberdeen India Fund, Inc. (IFN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

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.