What is Guggenheim Active Allocation Fund's Shariah compliance score?

Guggenheim Active Allocation Fund's (GUG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Guggenheim Active Allocation Fund pass AAOIFI screening?

Guggenheim Active Allocation Fund (GUG) 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% (GUG: 0.0%), (3) interest-bearing deposits below 30% (GUG: 0.0%), and (4) prohibited income below 5% (GUG: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Guggenheim Active Allocation Fund stock?

Guggenheim Active Allocation Fund (GUG) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GUG 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 Guggenheim Active Allocation Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Guggenheim Active Allocation Fund (GUG) 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 GUG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Guggenheim Active Allocation Fund (GUG) halal? Not Halal. Based on AAOIFI screening, Guggenheim Active Allocation Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

GUG: Is Guggenheim Active Allocation Fund Halal?

Not Halal

Guggenheim Active Allocation Fund

NYSEFinancial ServicesUS

$15.85

+0.19%

About Guggenheim Active Allocation Fund

Guggenheim Active Allocation Fund is a closed-end management investment firm. The company was founded on May 20, 2021 and is headquartered in Chicago, IL.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 13, 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% (141.8%)

Basket Composition

97% 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%

Halal2%

Doubtful0%

Haram142%

Unknown0%

Top Holdings

Federal National Mortgage Associationharam10.30%United States Treasury Billsharam2.17%Dreyfus Treasury Securities Cash Managementharam1.87%Federal National Mortgage Associationharam1.78%THUNDERBIRD 2022-1 A FUNDEDharam1.48%LIGHTNING 2022-1 A FUNDEDharam1.48%HOTWIRE FUNDING LLCharam1.38%Madison Park Funding LIII Ltd / LLCharam1.31%OBRA LONGEVITY RFF CL A NTS FUNDEDharam1.07%Insured Lending 1 Ltd.haram1.03%

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 13, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

522.7M

Price

$15.85

Sector

Financial Services

Industry

Asset Management

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

+0.17%

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%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track GUG 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 Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Guggenheim Active Allocation Fund (GUG) halal to invest in?

Guggenheim Active Allocation Fund (GUG) 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 Guggenheim Active Allocation Fund get a F compliance rating?

Guggenheim Active Allocation 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 Guggenheim Active Allocation Fund's Shariah verdict?

Guggenheim Active Allocation 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 Guggenheim Active Allocation Fund re-screened for Shariah compliance?

Guggenheim Active Allocation Fund (GUG) 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 13, 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.