Is Liberty All-Star Growth Fund, Inc. (ASG) halal? Not Halal. Based on AAOIFI screening, Liberty All-Star Growth Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Liberty All-Star Growth Fund, Inc.

ASG: Is Liberty All-Star Growth Fund, Inc. Halal?

Not Halal

Liberty All-Star Growth Fund, Inc.

NYSEFinancial ServicesUS

$5.40

+0.75%

About Liberty All-Star Growth Fund, Inc.

Liberty All-Star Growth Fund, Inc. is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc. It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the NASDAQ Composite Index, Russell 3000 Growth Index, and the S&P 500 Index. It conducts in-house research to make its investments. The fund was previously known as Charles Allmon Trust, Inc. Liberty All-Star Growth Fund, Inc. was formed on March 14, 1986 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Basket-weighted haram holdings exceed 5% (19.4%)

Basket Composition

96% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

76%
19%
Halal76%
Doubtful1%
Haram19%
Unknown4%

Top Holdings

NVDANvidia Corphalal4.43%State Street Institutional Us Government Money Market Fundharam2.87%AAPLApple Inchalal2.74%MSFTMicrosoft Corphalal2.20%GOOGLAlphabet Inchalal2.13%AMZNAmazon.com Inchalal1.85%FSVFirstservice Corphalal1.80%CWCurtiss-wright Corpharam1.76%OLLIOllie's Bargain Outlet Holdings Inchalal1.62%CWSTCasella Waste Systems Inchalal1.52%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Under Review

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 11, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

334.6M

Price

$5.40

Sector

Financial Services

Industry

Asset Management

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Inflection Point Acquisition Corp. III
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Inflection Point Acquisition Corp. III

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Axiom Intelligence Acquisition Corp 1
AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

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Frequently Asked Questions

Is Liberty All-Star Growth Fund, Inc. (ASG) halal to invest in?
Liberty All-Star Growth Fund, Inc. (ASG) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Liberty All-Star Growth Fund, Inc. get a F compliance rating?
Liberty All-Star Growth Fund, Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.
What could change Liberty All-Star Growth Fund, Inc.'s Shariah verdict?
Liberty All-Star Growth Fund, Inc.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.
How often is Liberty All-Star Growth Fund, Inc. re-screened for Shariah compliance?
Liberty All-Star Growth Fund, Inc. (ASG) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 11, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.