Eq8 Capital Review - Halal Finance Products
Reviewed quarterly and updated for major content changes.
Eq8 Capital offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
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HalalWallet 2026 Review
Eq8 Capital - At a Glance
3
Products Reviewed
All
Provinces (Nationwide)
1
Category
Pros & Cons
What We Like
- Cheapest halal market exposure in Malaysia by a wide margin
- Index screening removes manager discretion from compliance
- 17-year listed history on the flagship
What Could Be Better
- Requires a brokerage and CDS account
- Bursa ETF liquidity is thin; spreads need limit orders
- The manager is no longer an Islamic-only company after the 2025 entity change
Who Is Eq8 Capital Best For?
DIY brokerage investors
0.40% index exposure versus 1.50% active fund fees
US exposure seekers
EQ8US50 gives ringgit-quoted screened US mega-caps on Bursa
Waqf-minded investors
EQ8WAQF integrates waqf contribution into an ETF structure
Detailed Analysis
Eq8 Capital (formerly i-VCAP Management, the MyETF brand) is Malaysia's Islamic ETF house, wholly owned by Kenanga Investors. Its flagship EQ8MY25 listed on 21 January 2008 as the first Shariah ETF in Asia, tracking the Dow Jones Islamic Market Malaysia Titans 25 Index at 0.40% management (fund pages, crawled 2026-08-06).
The range covers Malaysian large caps (EQ8MY25), Malaysian Islamic dividend stocks (EQ8MID, MSCI index, listed 2014), US screened mega-caps (EQ8US50, listed 2018), Southeast Asian dividend (EQ8SID) and the waqf-featured EQ8WAQF. All are advised by Amanie Advisors with index-level Shariah screening.
The governance event investors should know: on 30 May 2025 the SC approved Eq8's change from Islamic Fund Management Company to conventional FMC so it can launch conventional ETFs too. The company's notice states all five Islamic ETFs 'will continue to be managed in full compliance with Shariah requirements' under their deeds and prospectuses (notice dated 12 June 2025, crawled 2026-08-06). Fund-level compliance machinery is unchanged, but the house is no longer Islamic-only, which conviction-driven investors may weigh.
How It Works
Exchange-traded funds listed on Bursa Malaysia tracking Shariah-screened indices (Dow Jones Islamic Market, MSCI Islamic), with Amanie Advisors as Shariah adviser and deed-level Shariah requirements (crawled 2026-08-06).
Open a brokerage and CDS account
Any Bursa Malaysia broker provides access; Islamic broking windows are available for full-chain compliance.
Buy ETF units on-exchange
Trade board lots of 100 units using limit orders given modest liquidity.
Hold for index returns
0.40% management accrues inside the fund; dividends distribute per each ETF's policy.
Shariah Compliance Review
Oversight Level
Review details on provider's website
Amanie Advisors Sdn Bhd as Shariah adviser across the Islamic ETF range (crawled 2026-08-06)
Index-level screening by Dow Jones Islamic Market and MSCI Islamic methodologies
12 June 2025 notice commits existing Islamic ETFs to continued Shariah compliance after the entity-type change
Shariah compliance should always be verified directly with Eq8 Capital. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Eq8's ETFs are the cost benchmark every active Islamic fund must justify itself against: 0.40% versus 1.50% typical active fees. The trade-offs are access (brokerage needed) and liquidity. Within the Kenanga group, the same US exposure sells as a unit trust at up to 1.20% for non-brokerage investors.
Same group's active and unit trust wrapper options for non-brokerage investors.
Robo-managed global halal diversification without picking individual ETFs.
Bottom Line
The cheapest halal building blocks in Malaysia. Use limit orders, and monitor the manager's post-2025 dual-shelf direction as a governance signal even though the Islamic ETFs' compliance is contractually anchored.
Products from Eq8 Capital
Why It's Halal
The underlying MSCI index applies MSCI's Islamic screening to the Malaysian investable universe and then selects high-dividend names under a 10/40 concentration rule, with Amanie Advisors Sdn Bhd as the ETF's Shariah adviser (fund page, crawled 2026-08-06). The same Eq8 entity-type note applies as for the flagship: the manager became a conventional FMC in 2025 but its notice commits the existing Islamic ETFs to continued full Shariah compliance under their deeds (notice dated 12 June 2025, crawled 2026-08-06).
Eq8 Capital
Eq8 MSCI Malaysia Islamic Dividend ETF (EQ8MID)
Shariah dividend ETF listed on Bursa Malaysia on 21 March 2014, tracking the MSCI Malaysia IMI Islamic High Dividend Yield 10/40 Index. Management fee 0.400% per annum, trustee fee 0.045%, stock code 0824EA (fund page, crawled 2026-08-06).
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Eq8 Capital
Eq8 Dow Jones Islamic Market Malaysia Titans 25 ETF (EQ8MY25)
The first Shariah ETF listed in Asia, launched on Bursa Malaysia on 21 January 2008 as MyETF-DJIM25 and now branded EQ8MY25. Tracks the Dow Jones Islamic Market Malaysia Titans 25 Index of the 25 largest Shariah-compliant Malaysian companies. Management fee 0.40% per annum, trustee fee 0.05%, stock code 0821EA (fund page, crawled 2026-08-06).
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Eq8 Capital
Eq8 Dow Jones US Titans 50 ETF (EQ8US50)
Islamic US equity ETF listed on Bursa Malaysia on 28 February 2018, tracking 50 large US Shariah-screened companies. Management fee 0.400% per annum, trustee fee 0.035%, stock code 0827EA. Listed in Eq8's own notice among its five Islamic ETFs (fund page and notice, crawled 2026-08-06).
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Where Available
Based on listings we track, Eq8 Capital operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Eq8 Capital.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Quick Answer
Eq8 Capital offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Investing options.
Key Takeaways
- Eq8 Capital offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Investing.
- Always verify compliance directly with Eq8 Capital and consult qualified Islamic finance advisors when needed.
- Compare Eq8 Capital's products with other providers to find the best fit for your needs.
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Eq8 Capital offer?
Eq8 Capital offers 3 products across 1 category. Eq8 Capital is best for [object Object],[object Object],[object Object]. Review the products listed above or contact Eq8 Capital directly for current offerings.
How does Eq8 Capital ensure Shariah compliance?
Amanie Advisors Sdn Bhd as Shariah adviser across the Islamic ETF range (crawled 2026-08-06) Index-level screening by Dow Jones Islamic Market and MSCI Islamic methodologies 12 June 2025 notice commits existing Islamic ETFs to continued Shariah compliance after the entity-type change
How does Eq8 Capital work?
Open a brokerage and CDS account: Any Bursa Malaysia broker provides access; Islamic broking windows are available for full-chain compliance. Buy ETF units on-exchange: Trade board lots of 100 units using limit orders given modest liquidity. Hold for index returns: 0.40% management accrues inside the fund; dividends distribute per each ETF's policy.
Is Eq8 Capital available in my state?
Eq8 Capital operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Eq8 Capital.
What are alternatives to Eq8 Capital?
Eq8's ETFs are the cost benchmark every active Islamic fund must justify itself against: 0.40% versus 1.50% typical active fees. The trade-offs are access (brokerage needed) and liquidity. Within the Kenanga group, the same US exposure sells as a unit trust at up to 1.20% for non-brokerage investors. Kenanga Investors: Same group's active and unit trust wrapper options for non-brokerage investors. StashAway Malaysia: Robo-managed global halal diversification without picking individual ETFs.
Are Eq8 Capital's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Eq8 Capital?
Contact information for Eq8 Capital should be available through their website or the product listings above. Use the action links provided with each product to visit Eq8 Capital's website or contact them directly for more information.
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