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Is Calamos Convertible and High Income Fund Stock Halal?
Shariah Compliance Analysis of CHY Stock
United States N/A Small Cap No. As of November 2026, Calamos Convertible and High Income Fund (CHY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Calamos Convertible and High Income Fund does not pass Musaffa's business and financial screening criteria.
Calamos Convertible and High Income Fund is a US-based company operating in industry. The company is headquartered in Naperville, Illinois. The company went IPO on 2003-05-28. Calamos Convertible and High Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and current income. Under normal circumstances, the Fund invests at least 80% of its managed assets in a diversified portfolio of convertibles and below investment grade (high yield) non-convertible debt securities. The Fund invests at least 20% of its managed assets in convertible securities and at least 20% of its managed assets in below investment grade (high yield/high risk) non-convertible debt securities. The Fund invests in securities with a broad range of maturities. The average term to maturity of the Fund’s securities typically ranges from two to ten years. The Fund's derivative activities are focused on various derivatives, such as interest rate swaps, convertible securities and index options. The Fund's investment adviser is Calamos Advisors LLC.
CHY Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Calamos Convertible and High Income Fund is classified as not halal.
NOT HALALCalamos Convertible and High Income Fund (CHY) Chart
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Financial Metrics & Statements of Calamos Convertible and High Income Fund (CHY)
FAQ's for Calamos Convertible and High Income Fund (CHY)
- As of November 2026, Calamos Convertible and High Income Fund CHY is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Calamos Convertible and High Income Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Calamos Convertible and High Income Fund if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Calamos Convertible and High Income Fund by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Calamos Convertible and High Income Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Calamos Convertible and High Income Fund on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Calamos Convertible and High Income Fund (CHY)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
