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DUBLIN - iShares II plc announced Friday that its MSCI USA Islamic UCITS ETF (IE00B296QM64) will implement a new dividend purification model starting January 1, 2026.
Under the current system, investors are personally responsible for purifying dividends that contain prohibited income according to Islamic principles. The new model will integrate dividend purification directly within the fund, with impure dividend components being automatically donated to charities selected by the investment manager and approved by the fund’s panel of Islamic scholars.
The change aims to simplify the investment process while maintaining adherence to Shari’ah principles, according to the company’s shareholder letter. The fund will continue using MSCI’s calculation methodology to determine pure and impure dividend amounts, ensuring consistency with its benchmark index.
BlackRock Asset Management Ireland Limited, the fund’s manager, will cover all costs related to the transition, including shareholder notification and additional operational and legal expenses. The company noted that no transaction costs will be incurred as the fund’s underlying investments will remain unchanged.
The fund’s prospectus and investor information documents will be updated around October 31, 2025, subject to approval from the Central Bank of Ireland. Following implementation, purification data will no longer be published on the iShares website as the process will be handled internally.
The announcement was made through a shareholder letter issued by the company.
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