Is Energy Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Energy Income Fund (ENI.UN.TO) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Energy Income Fund a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Energy Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Energy Income Fund?

Muslim investors may consider investing in Energy 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.

Why is Energy Income Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Energy Income Fund by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Energy Income Fund updated?

The Shariah compliance status of Energy Income Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Energy Income Fund become non-compliant?

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.

Where can I check the Shariah status of Energy Income Fund?

You can check the latest Shariah compliance status of Energy Income Fund on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

ENI.UN.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 15, 2025

Report Source: 2024 Annual Report

Energy Income Fund. Stock Analysis ENI.UN.TO

Canada N/A Nano Cap Report: 2024 Annual

Energy Income Fund is a CA-based company operating in industry. Energy Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to provide its unitholders with a stable stream of monthly distributions and to preserve and potentially enhance the net asset value of the Fund. The Fund is permitted to invest in any publicly listed security in the United States without sector-specific restrictions. The Fund may invest in portfolio securities in other geographies, focusing on permissible asset classes that include oil and gas securities, energy securities, other resource securities, as well as cash and short-term investments. Its investment strategy specifically targets companies on the verge of profitability, which have historically experienced substantial operating losses. Artemis Investment Management Limited is the investment fund manager of the Fund.

Key Statistics of Energy Income Fund (ENI.UN.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD2.14CAD2.15

Today's Open

CAD2.14

Volume

1200.00

P/E Ratio (TTM)

3.68

52 Week Range

CAD1.53CAD2.20

Market Cap

5.55M

Avg. Volume

2507.24

Dividend Yield

5.95%

Financial Metrics & Statements of Energy Income Fund (ENI.UN.TO)

FAQ's for Energy Income Fund (ENI.UN.TO)

According to Musaffa’s Shariah screening methodology, Energy Income Fund (ENI.UN.TO) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.