Does Western Asset High Income Opportunity Fund Inc. pass AAOIFI screening?

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

How much purification is needed for Western Asset High Income Opportunity Fund Inc. stock?

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Western Asset High Income Opportunity Fund Inc. (HIO) 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 HIO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Western Asset High Income Opportunity Fund Inc. (HIO) halal? Not Halal. Based on AAOIFI screening, Western Asset High Income Opportunity Fund Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

HIO: Is Western Asset High Income Opportunity Fund Inc. Halal?

Not Halal

Western Asset High Income Opportunity Fund Inc.

NYSEFinancial ServicesUS

$3.64

+0.00%

About Western Asset High Income Opportunity Fund Inc.

Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 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% (100.0%)

Basket Composition

100% 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.

100%

Halal0%

Doubtful0%

Haram100%

Unknown0%

Top Holdings

Sprint Capital Corporationharam1.89%KMIKinder Morgan, Inc.haram1.83%HCA Inc.haram1.73%CCLCarnival PLCharam1.63%Legg Mason Partners Institutional Trustharam1.46%Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.haram1.34%Petrobras Global Finance B.V.haram1.15%Venture Global LNG Inc.haram1.12%SATSEchoStar Corp.haram1.10%Michaels Companies Inc.haram1.02%

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 18, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

346.2M

Price

$3.64

Sector

Financial Services

Industry

Asset Management - Income

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This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Western Asset High Income Opportunity Fund Inc. (HIO) halal to invest in?

Western Asset High Income Opportunity Fund Inc. (HIO) 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 Western Asset High Income Opportunity Fund Inc. get a F compliance rating?

Western Asset High Income Opportunity Fund Inc.'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 Western Asset High Income Opportunity Fund Inc.'s Shariah verdict?

Western Asset High Income Opportunity Fund Inc.'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 Western Asset High Income Opportunity Fund Inc. re-screened for Shariah compliance?

Western Asset High Income Opportunity Fund Inc. (HIO) 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 18, 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.