London Stock Exchange ETF segment · UCITS ETF
Invest in ISDE ETF from India
Indian and foreign residents can buy iShares MSCI EM Islamic UCITS ETF (ISDE) units directly through Paasa.
By Paasa · Updated
ISDE at a glance
- Price
- $36.61-$0.28 (0.76%)
- Expense ratio
- 0.35%
- Day range
- $36.40 – $36.94
- Assets
- $883.6M
- Domicile
- Ireland
- Holdings
- 405
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- +0.88%
- 6 months
- +37.01%
- YTD
- +49.43%
- 1 year
- +64.69%
- 5 years
- +62.64%
Price change, excluding dividends.
Top 10 holdings
- 1SK HYNIX15.3%
- 2SAMSUNG ELECTRONICS LTD14.0%
- 3MEDIATEK5.1%
- 4DELTA ELECTRONICS2.5%
- 5HON HAI PRECISION INDUSTRY2.1%
- 6SAMSUNG ELECTRONICS NON VOTING PRE1.8%
- 7SK SQUARE1.6%
- 8ASE TECHNOLOGY HOLDING1.6%
- 9RELIANCE INDUSTRIES LTD1.5%
- 10SAMSUNG ELECTRO MECHANICS LTD1.3%
ISDE holds 405 securities in total. These 10 are 46.9% of the fund.
Where the money is invested
Sectors
- Technology53.2%
- Basic Materials12.4%
- Energy8.4%
- Industrials6.8%
- Consumer Cyclical5.3%
- Healthcare4.5%
Countries
- Korea (the Republic of)39.9%
- Taiwan (Province of China)18.9%
- India10.7%
- China8.0%
- Saudi Arabia3.9%
- Brazil3.9%
How to invest in ISDE from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search ISDE and buy
Find the fund by its ticker, ISDE, on the London Stock Exchange ETF segment, and place your order.
Why invest in ISDE from India
What ISDE holds
This investment vehicle aims to mirror the performance of an index, selecting companies from developing nations that strictly observe Shariah investment guidelines.
Outside US estate tax
ISDE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
ISDE is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why ISDE's UCITS structure matters for Indian investors
ISDE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy ISDE from India?
Yes. Indian residents can buy iShares MSCI EM Islamic UCITS ETF (ISDE) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does ISDE invest in?
iShares MSCI EM Islamic UCITS ETF holds 405 securities. Its largest holdings are SK HYNIX (15.3%), SAMSUNG ELECTRONICS LTD (14.0%) and MEDIATEK (5.1%). Technology is its largest sector at 53.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of ISDE?
iShares MSCI EM Islamic UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $883.6M.
Is ISDE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EM Islamic UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
How are ISDE dividends taxed in India?
iShares MSCI EM Islamic UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell ISDE?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.