Is Saba Capital Income & Opportunities Fund (BRW) halal? Not Halal. Based on AAOIFI screening, Saba Capital Income & Opportunities Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Saba Capital Income & Opportunities Fund

BRW: Is Saba Capital Income & Opportunities Fund Halal?

Not Halal

Saba Capital Income & Opportunities Fund

NYSEFinancial ServicesUS

$6.91

+0.14%

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. The fund was formerly known as Voya Prime Rate Trust. Saba Capital Income & Opportunities Fund was formed on December 2, 1987 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management - Income

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% (52.8%)

Basket Composition

18% 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.

53%
41%
Halal6%
Doubtful0%
Haram53%
Unknown41%

Top Holdings

Stone Ridge Opportunities Fund LPunknown15.12%N/Aharam6.90%N/Aharam5.05%Grayscale Ethereum Classic Trustunknown4.66%Exor Nvunknown3.63%GSGoldman Sachsharam3.30%N/Aharam3.00%ASAAsa Gold And Precious Metals Ltdhalal2.59%Chicago Mercantile Exchangeunknown2.40%J.Crewharam2.03%

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

293.9M

Price

$6.91

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

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A

MA

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A+

PYPL

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C

BAC

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WFC

Wells Fargo & Company

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Frequently Asked Questions

Is Saba Capital Income & Opportunities Fund (BRW) halal to invest in?
Saba Capital Income & Opportunities Fund (BRW) 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 Saba Capital Income & Opportunities Fund get a F compliance rating?
Saba Capital Income & Opportunities 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 Saba Capital Income & Opportunities Fund's Shariah verdict?
Saba Capital Income & Opportunities 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 Saba Capital Income & Opportunities Fund re-screened for Shariah compliance?
Saba Capital Income & Opportunities Fund (BRW) 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.