Is Voya Global Equity Dividend and Premium Opportunity Fund (IGD) halal? Not Halal. Based on AAOIFI screening, Voya Global Equity Dividend and Premium Opportunity Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
IGD: Is Voya Global Equity Dividend and Premium Opportunity Fund Halal?
Not HalalVoya Global Equity Dividend and Premium Opportunity Fund
$6.20
+0.16%
About Voya Global Equity Dividend and Premium Opportunity Fund
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.
Sector: Financial Services 路 Industry: Asset Management - Global
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% (35.1%)
Basket Composition
73% 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
current status
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
489.0M
Price
$6.20
Sector
Financial Services
Industry
Asset Management - Global
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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Frequently Asked Questions
Is Voya Global Equity Dividend and Premium Opportunity Fund (IGD) halal to invest in?
Why did Voya Global Equity Dividend and Premium Opportunity Fund get a F compliance rating?
What could change Voya Global Equity Dividend and Premium Opportunity Fund's Shariah verdict?
How often is Voya Global Equity Dividend and Premium Opportunity Fund 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.