Does XAI Octagon Floating Rate & Alternative Income Term Trust pass AAOIFI screening?

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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% (XFLT: 0.0%), (3) interest-bearing deposits below 30% (XFLT: 0.0%), and (4) prohibited income below 5% (XFLT: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for XAI Octagon Floating Rate & Alternative Income Term Trust stock?

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from XFLT 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 XAI Octagon Floating Rate & Alternative Income Term Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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 XFLT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) halal? Not Halal. Based on AAOIFI screening, XAI Octagon Floating Rate & Alternative Income Term Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

XFLT: Is XAI Octagon Floating Rate & Alternative Income Term Trust Halal?

Not Halal

XAI Octagon Floating Rate & Alternative Income Term Trust

NYSEFinancial ServicesUS

$18.30

+0.05%

About XAI Octagon Floating Rate & Alternative Income Term Trust

XAI Octagon Floating Rate Alternative Income Term Trust is a diversified, closed-end management investment company. It invests invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. The company was founded on September 27, 2017 and is headquartered in Chicago, IL.

Sector: Financial Services · Industry: Asset Management - Income

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% (170.6%)

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.

171%

Halal0%

Doubtful0%

Haram171%

Unknown0%

Top Holdings

Invesco Treasury Portfolioharam4.15%RR Ltdharam2.41%TICP 2020-15A SUBharam2.30%OCP CLO Ltdharam1.76%Regatta XIX Funding Ltdharam1.70%Oaktree CLO Ltdharam1.70%Neuberger Berman CLO Ltdharam1.65%Apidos CLOharam1.56%OHA Credit Partners Ltdharam1.53%Apidos CLOharam1.49%

Compliance History

Not Halalnow
current status
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

278.7M

Price

$18.30

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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Free · No credit card required

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Frequently Asked Questions

Is XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) halal to invest in?

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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 XAI Octagon Floating Rate & Alternative Income Term Trust get a F compliance rating?

XAI Octagon Floating Rate & Alternative Income Term Trust'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 XAI Octagon Floating Rate & Alternative Income Term Trust's Shariah verdict?

XAI Octagon Floating Rate & Alternative Income Term Trust'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 XAI Octagon Floating Rate & Alternative Income Term Trust re-screened for Shariah compliance?

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.