Is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) halal? Not Halal. Based on AAOIFI screening, Wells Fargo Advantage Funds - Allspring Income Opportunities Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
EAD: Is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund Halal?
Not HalalWells Fargo Advantage Funds - Allspring Income Opportunities Fund
$6.43
-0.92%
About Wells Fargo Advantage Funds - Allspring Income Opportunities Fund
Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against Merrill Lynch High Yield Index. Wells Fargo Advantage Funds - Allspring Income Opportunities Fund was formed on February 26, 2003 and is domiciled in the United States.
Sector: Financial Services 路 Industry: Asset Management - Income
Shariah Compliance Status
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (137.1%)
Basket Composition
99% of basket screenedETFs 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.
Top Holdings
Compliance History
Not Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
380.0M
Price
$6.43
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:
More Financial Services Stocks
Track EAD 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.
Frequently Asked Questions
Is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) halal to invest in?
Why did Wells Fargo Advantage Funds - Allspring Income Opportunities Fund get a F compliance rating?
What could change Wells Fargo Advantage Funds - Allspring Income Opportunities Fund's Shariah verdict?
How often is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund re-screened for Shariah compliance?
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.