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

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

Does Calamos Convertible and High Income Fund pass AAOIFI screening?

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

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

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

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

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

CHY: Is Calamos Convertible and High Income Fund Halal?

Not Halal

Calamos Convertible and High Income Fund

NASDAQFinancial ServicesUS

$13.24

+0.00%

About Calamos Convertible and High Income Fund

Calamos Convertible and High 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 diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's. The fund employs both fundamental and quantitative analysis to create its portfolio. Calamos Convertible and High Income Fund was formed on March 12, 2003 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 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% (142.1%)

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.

142%

Halal3%

Doubtful0%

Haram142%

Unknown0%

Top Holdings

WDCWESTERN DIGITAL CORPharam4.01%LITELUMENTUM HOLDINGS INCharam3.52%BABOEING CO/THEharam3.40%MKSIMKS INCharam3.06%BABAALIBABA GROUP HOLDINGharam2.26%BEBLOOM ENERGY CORPharam2.20%BWXTBWX TECHNOLOGIES INCharam2.15%SEAGATE HDD CAYMANharam2.09%UBERUBER TECHNOLOGIES INCharam2.09%PPL CAPITAL FUNDING INCharam1.96%

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

Financial Overview

Market Cap

1.1B

Price

$13.24

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+

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ABA+

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$36.03

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IPCXA+

Inflection Point Acquisition Corp. III

$10.31

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AXINA+

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$10.42

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Free · No credit card required

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Frequently Asked Questions

Is Calamos Convertible and High Income Fund (CHY) halal to invest in?

Calamos Convertible and High Income Fund (CHY) 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 Convertible and High Income Fund get a F compliance rating?

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

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

Calamos Convertible and High Income Fund (CHY) 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 · 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.