What is Nuveen Floating Rate Income Fund's Shariah compliance score?

Nuveen Floating Rate Income Fund's (JFR) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Floating Rate Income Fund pass AAOIFI screening?

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

How much purification is needed for Nuveen Floating Rate Income Fund stock?

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Floating Rate Income Fund (JFR) 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 JFR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Nuveen Floating Rate Income Fund (JFR) halal? Not Halal. Based on AAOIFI screening, Nuveen Floating Rate Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

JFR: Is Nuveen Floating Rate Income Fund Halal?

Not Halal

Nuveen Floating Rate Income Fund

NYSEFinancial ServicesUS

$7.60

-0.46%

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans. Nuveen Floating Rate Income Fund was formed on March 24, 2004 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% (156.1%)

Basket Composition

90% 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.

156%

Halal0%

Doubtful0%

Haram156%

Unknown0%

Top Holdings

BlackRock Liquidity Funds T-Fundunknown9.33%Zayo Group Holdings Incharam2.41%X Corpharam2.38%1011778 BC ULCharam2.11%HOPPER MERGER SUB INCharam2.05%PAREXEL International Corpharam2.03%UKG Incharam1.77%FLUTTER FINANCING BVharam1.72%BroadStreet Partners Incharam1.67%Surgery Center Holdings Incharam1.60%

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

1.0B

Price

$7.60

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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IPCXA+

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Free · No credit card required

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Frequently Asked Questions

Is Nuveen Floating Rate Income Fund (JFR) halal to invest in?

Nuveen Floating Rate Income Fund (JFR) 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 Nuveen Floating Rate Income Fund get a F compliance rating?

Nuveen Floating Rate 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 Nuveen Floating Rate Income Fund's Shariah verdict?

Nuveen Floating Rate 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 Nuveen Floating Rate Income Fund re-screened for Shariah compliance?

Nuveen Floating Rate Income Fund (JFR) 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.