Is BlackRock Floating Rate Income Trust (BGT) halal? Not Halal. Based on AAOIFI screening, BlackRock Floating Rate Income Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

BlackRock Floating Rate Income Trust

BGT: Is BlackRock Floating Rate Income Trust Halal?

Not Halal

BlackRock Floating Rate Income Trust

NYSEFinancial ServicesUS

$10.66

-0.19%

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 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% (114.3%)

Basket Composition

90% 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.

114%
Halal0%
Doubtful0%
Haram114%
Unknown0%

Top Holdings

Invesco Senior Loan ETFunknown3.86%iShares Broad USD High Yield Corporate Bond ETFunknown3.05%State Street Blackstone Senior Loan ETFunknown1.96%Alliant Holdings Intermediate, LLCharam1.39%HOLXHOLOGIC INCharam1.08%BEIGNET INVESTOR LLCharam0.97%Jane Street Group LLCharam0.93%Allied Universal Holdco LLCharam0.92%HUBGHUB International Limitedharam0.92%Chobani, LLCharam0.87%

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 12, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

287.8M

Price

$10.66

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:

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$388.60

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$60.61

+0.47%

AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

Inflection Point Acquisition Corp. III
IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

Axiom Intelligence Acquisition Corp 1
AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

F

V

Visa Inc.

A

MA

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C

BAC

Bank of America Corporation

F

WFC

Wells Fargo & Company

F
Free 路 No credit card required

Track BGT and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is BlackRock Floating Rate Income Trust (BGT) halal to invest in?
BlackRock Floating Rate Income Trust (BGT) 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 BlackRock Floating Rate Income Trust get a F compliance rating?
BlackRock Floating Rate Income Trust'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 BlackRock Floating Rate Income Trust's Shariah verdict?
BlackRock Floating Rate Income Trust'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 BlackRock Floating Rate Income Trust re-screened for Shariah compliance?
BlackRock Floating Rate Income Trust (BGT) 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 12, 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.