What is Nuveen Churchill Direct Lending Corp.'s Shariah compliance score?

Nuveen Churchill Direct Lending Corp.'s (NCDL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Churchill Direct Lending Corp. pass AAOIFI screening?

Nuveen Churchill Direct Lending Corp. (NCDL) 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% (NCDL: 184.2%), (3) interest-bearing deposits below 30% (NCDL: 1.4%), and (4) prohibited income below 5% (NCDL: 97.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Churchill Direct Lending Corp. stock?

Nuveen Churchill Direct Lending Corp. (NCDL) has a non-permissible income ratio of 97.05%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NCDL 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 Churchill Direct Lending Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Churchill Direct Lending Corp. (NCDL) 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 NCDL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Nuveen Churchill Direct Lending Corp. (NCDL) halal? Not Halal. Based on AAOIFI screening, Nuveen Churchill Direct Lending Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

NCDL: Is Nuveen Churchill Direct Lending Corp. Halal?

Not Halal

Nuveen Churchill Direct Lending Corp.

NYSEFinancial ServicesUS

$12.26

-2.47%

AvoidBorderlineClean

About Nuveen Churchill Direct Lending Corp.

Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap184.2% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

605.5M

Price

$12.26

Sector

Financial Services

Industry

Asset Management

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Frequently Asked Questions

Is Nuveen Churchill Direct Lending Corp. (NCDL) halal to invest in?

Nuveen Churchill Direct Lending Corp. (NCDL) 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 Churchill Direct Lending Corp. get a F compliance rating?

Nuveen Churchill Direct Lending Corp. (NCDL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 184.2% (limit 30%); interest-bearing deposits of 1.4% (limit 30%); prohibited income of 97.05% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Nuveen Churchill Direct Lending Corp.'s Shariah verdict?

Nuveen Churchill Direct Lending Corp.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Nuveen Churchill Direct Lending Corp. re-screened for Shariah compliance?

Nuveen Churchill Direct Lending Corp. (NCDL) 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.