The visitors, who are fourth in the section on six points, will enter the contest off the back of a 2-1 win over Liechtenstein, while fifth-placed Iceland suffered a 3-1 loss to Luxembourg last time out.
Match preview
Iceland famously competed in Euro 2016 and the 2018 World Cup, progressing to the quarter-finals of the European Championship in their only appearance in the finals of the competition.
Our Boys were not present at Euro 2020, though, and it is very difficult to imagine them being in a position to finish first or second in Group J due to their struggles in the section thus far.
Indeed, Age Hareide's side have picked up just three points from their five games in the group, which has left them in fifth position, seven points behind second-placed Slovakia.
Iceland thumped Liechtenstein 7-0 at the end of March but have been beaten in their last three matches, including a 3-1 reverse away to Luxembourg on Friday night.
The national side now have three straight home matches against Bosnia-Herzegovina, Luxembourg and Liechtenstein, and they will need to win all three to put themselves in a position to potentially sneak into the top two in the closing stages of the qualification campaign.
Bosnia-Herzegovina, meanwhile, will enter this match off the back of a 2-1 success over Liechtenstein on Friday, with Edin Dzeko on the scoresheet early on before an own goal from Simon Luchinger made it 2-0.
Sandro Wolfinger halved the deficit in the 21st minute, but the home side held on to secure all three points, which moved them onto six points in Group J, which is enough for fourth in the table.
Meho Kodro's side are four points behind second-placed Slovakia on the same number of matches, demonstrating the importance of picking up a positive result in this match.
Bosnia-Herzegovina have never qualified for the finals of a European Championship, but they were present at the 2014 World Cup, being eliminated in the group stage of the competition.
The visitors beat Iceland 3-0 in the reverse match back in March, but they had suffered three straight defeats in the section before returning to winning ways on Friday night against Liechtenstein.
Iceland Euro Champ Qualifying form:
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Iceland form (all competitions):
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Bosnia-Herzegovina Euro Champ Qualifying form:
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Bosnia-Herzegovina form (all competitions):
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Team News
Iceland will be without the services of central defender Horour Magnusson, who was sent off in the team's 3-1 defeat to Luxembourg on Friday night.
Alfons Sampsted could therefore come into the starting side, while there will again be a spot in midfield for Burnley's Johann Berg Gudmundsson.
Alfreo Finnbogason has scored 16 times for the national team and should retain his position in the final third of the field, with 20-year-old Hakon Arnar Haraldsson, who plays for Lille, also expected to start.
Bosnia-Herzegovina have not reported any fresh injury concerns from their win over Liechtenstein, so it would not be a shock to see the same XI take to the field for this match.
Dzeko might now be entering the latter stages of his career, but the 37-year-old remains his country's star player, and he was again on the scoresheet on Friday night.
Nemanja Bilbija is likely to retain his spot in the final third of the field, while there will be familiar faces in the shape of Miralem Pjanic, Rade Krunic and Sead Kolasinac in the starting side.
Iceland possible starting lineup:
Runarsson; Lunddal, Palsson, Sampsted, Finnsson; S Magnusson, Traustason, Gudmundsson, Porsteinsson; Finnbogason, Haraldsson
Bosnia-Herzegovina possible starting lineup:
Sehic; Milicevic, Hadzikadunic, Kolasinac; Dedic, Nalic, Pjanic, Krunic, Demirovic; Dzeko, Bilbija
We say: Iceland 1-2 Bosnia-Herzegovina
A win for the visitors here would put them firmly in the qualification picture, and we are expecting Bosnia-Herzegovina to triumph. Iceland were disappointing in their defeat to Luxembourg, and it is difficult to back them to pick up a positive result with any real confidence.