No. As of September 2026, Herzfeld Caribbean Basin Fund Inc (CUBA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Herzfeld Caribbean Basin Fund Inc does not pass Musaffa's business and financial screening criteria.
Herzfeld Caribbean Basin Fund Inc is a US-based company operating in industry. The company is headquartered in Miami Beach, Florida. The Herzfeld Caribbean Basin Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including United States (U.S.)-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country. The Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries. The Fund invests in various countries including the United States, Mexico, Puerto Rico, Liberia, Bermuda, Panama, Netherlands, and Cuba. The Fund's investment adviser is HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc.
Herzfeld Caribbean Basin Fund Inc CUBA
$2.52 $0.02 (0.79%) 1D
Last Updated: Jul 03, 12:00 AM·BE
Pricing for DE stocks is delayed by 24 hours
CUBA Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Herzfeld Caribbean Basin Fund Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Herzfeld Caribbean Basin Fund Inc (CUBA) Chart
Financial Metrics & Statements of Herzfeld Caribbean Basin Fund Inc (CUBA)
FAQ's for Herzfeld Caribbean Basin Fund Inc (CUBA)
As of September 2026, Herzfeld Caribbean Basin Fund Inc CUBA 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 Herzfeld Caribbean Basin Fund Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Herzfeld Caribbean Basin Fund Inc 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 Herzfeld Caribbean Basin Fund Inc 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 Herzfeld Caribbean Basin Fund Inc 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 Herzfeld Caribbean Basin Fund Inc 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 Herzfeld Caribbean Basin Fund Inc (CUBA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.