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

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

Does Calamos Dynamic Convertible and Income Fund pass AAOIFI screening?

Calamos Dynamic Convertible and Income Fund (CCD) 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% (CCD: 0.0%), (3) interest-bearing deposits below 30% (CCD: 0.0%), and (4) prohibited income below 5% (CCD: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

Calamos Dynamic Convertible and Income Fund (CCD) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CCD 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 Calamos Dynamic Convertible and Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Calamos Dynamic Convertible and Income Fund (CCD) 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 CCD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

CCD: Is Calamos Dynamic Convertible and Income Fund Halal?

Not Halal

Calamos Dynamic Convertible and Income Fund

NASDAQFinancial ServicesUS

$25.91

+1.49%

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities. The fund also invests through derivatives such as options. It employs fundamental analysis with a top-down global macroeconomic approach to create its portfolio. Calamos Dynamic Convertible and Income Fund was formed on March 11, 2014 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 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% (136.7%)

Basket Composition

99% 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.

137%

Halal5%

Doubtful0%

Haram137%

Unknown0%

Top Holdings

WDCWESTERN DIGITAL CORPharam4.83%LITELUMENTUM HOLDINGS INCharam4.22%BABOEING CO/THEharam3.98%MKSIMKS INCharam3.75%BABAALIBABA GROUP HOLDINGharam2.85%BEBLOOM ENERGY CORPharam2.65%SEAGATE HDD CAYMANharam2.62%BWXTBWX TECHNOLOGIES INCharam2.60%UBERUBER TECHNOLOGIES INCharam2.49%PPL CAPITAL FUNDING INCharam2.42%

Compliance History

Not Halalnow
since Jun 2026
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

729.9M

Price

$25.91

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:

GLDA+

SPDR Gold Shares

$388.60

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SLVA+

iShares Silver Trust

$60.61

+0.47%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

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PYPL

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BAC

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WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Calamos Dynamic Convertible and Income Fund (CCD) halal to invest in?

Calamos Dynamic Convertible and Income Fund (CCD) 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 Calamos Dynamic Convertible and Income Fund get a F compliance rating?

Calamos Dynamic 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 Calamos Dynamic Convertible and Income Fund's Shariah verdict?

Calamos Dynamic 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 Calamos Dynamic Convertible and Income Fund re-screened for Shariah compliance?

Calamos Dynamic Convertible and Income Fund (CCD) 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 · 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.