The iShares MSCI Emerging Markets ETF (EEM) is a passive fund tracking the MSCI Emerging Markets Index, providing exposure to equities from emerging economies. Due to its unscreened holdings including significant allocations to conventional finance and other non-permissible activities, EEM fails Shariah compliance across major standards. Financial ratios are challenging to apply directly to the ETF structure, but aggregate analysis of holdings indicates exceedances in debt and impure income thresholds. The fund is excluded from all major Shariah indices, confirming its non-compliant status. Investors seeking emerging markets exposure should consider Shariah-screened alternatives.