Is John Hancock Preferred Income Fund II (HPF) halal? Not Halal. Based on AAOIFI screening, John Hancock Preferred Income Fund II has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

John Hancock Preferred Income Fund II

HPF: Is John Hancock Preferred Income Fund II Halal?

Not Halal

John Hancock Preferred Income Fund II

NYSEFinancial ServicesUS

$15.95

+0.50%

About John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund II was formed on November 29, 2002 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 14, 2026
F

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% (123.2%)

Basket Composition

72% 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.

123%
Halal6%
Doubtful2%
Haram123%
Unknown0%

Top Holdings

WFCWells Fargo and Companyharam2.68%BACBank of America Corporationharam2.53%CITIGROUP CAPITAL XIIIunknown2.30%Athene Holding Ltd.unknown2.20%VSTVistra Corp.haram2.15%Athene Holding Ltd.unknown1.94%ETEnergy Transfer LPharam1.91%CMSCMS Energy Corporationharam1.88%TDSTelephone and Data Systems Inc.halal1.85%SRESempradoubtful1.76%

Compliance History

  1. Not Halalnow

    current status

  2. Under Review

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 14, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

345.3M

Price

$15.95

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:

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AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

Inflection Point Acquisition Corp. III
IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

Axiom Intelligence Acquisition Corp 1
AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

F

V

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A

MA

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A+

PYPL

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C

BAC

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WFC

Wells Fargo & Company

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Frequently Asked Questions

Is John Hancock Preferred Income Fund II (HPF) halal to invest in?
John Hancock Preferred Income Fund II (HPF) 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 John Hancock Preferred Income Fund II get a F compliance rating?
John Hancock Preferred Income Fund II'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 John Hancock Preferred Income Fund II's Shariah verdict?
John Hancock Preferred Income Fund II'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 John Hancock Preferred Income Fund II re-screened for Shariah compliance?
John Hancock Preferred Income Fund II (HPF) 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 14, 2026.

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.