What is Advent Convertible and Income Fund's Shariah compliance score?

Advent Convertible and Income Fund's (AVK) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Advent Convertible and Income Fund pass AAOIFI screening?

Advent Convertible and Income Fund (AVK) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AVK: 0.0%), (3) interest-bearing deposits below 30% (AVK: 0.0%), and (4) prohibited income below 5% (AVK: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Advent Convertible and Income Fund stock?

Advent Convertible and Income Fund (AVK) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AVK shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Advent Convertible and Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Advent Convertible and Income Fund (AVK) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AVK's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Advent Convertible and Income Fund (AVK) halal? Not Halal. Based on AAOIFI screening, Advent Convertible and Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AVK: Is Advent Convertible and Income Fund Halal?

Not Halal

Advent Convertible and Income Fund

NYSEFinancial ServicesUS

$13.00

-1.59%

About Advent Convertible and Income Fund

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 13, 2026

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% (147.1%)

Basket Composition

94% 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.

147%

Halal8%

Doubtful0%

Haram147%

Unknown0%

Top Holdings

MSILF Government Portfolioharam4.78%Advent Convertible Bond ETFunknown4.54%BABOEING CO/THEharam1.93%NCL CORPORATION LTDharam1.46%COINCOINBASE GLOBAL INCharam1.46%GOLDMAN SACHS FIN C INTLharam1.11%MCHPMICROCHIP TECHNOLOGY INChalal1.09%SNOWSNOWFLAKE INCharam1.07%NEENEXTERA ENERGY INCharam1.03%LIVE NATION ENTERTAINMENharam1.02%

Compliance History

Not Halalnow
current status
Under Review
until the change above

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

Screened: Jun 13, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

449.7M

Price

$13.00

Sector

Financial Services

Industry

Asset Management - Income

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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Frequently Asked Questions

Is Advent Convertible and Income Fund (AVK) halal to invest in?

Advent Convertible and Income Fund (AVK) 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 Advent Convertible and Income Fund get a F compliance rating?

Advent Convertible and Income Fund'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 Advent Convertible and Income Fund's Shariah verdict?

Advent Convertible and Income Fund'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 Advent Convertible and Income Fund re-screened for Shariah compliance?

Advent Convertible and Income Fund (AVK) 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 13, 2026.

Screened according to AAOIFI Standard No. 21 · 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.