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Is Guggenheim Active Allocation Fund Stock Halal?
Shariah Compliance Analysis of GUG Stock
United States N/A Small Cap No. As of November 2026, Guggenheim Active Allocation Fund (GUG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Guggenheim Active Allocation Fund does not pass Musaffa's business and financial screening criteria.
Guggenheim Active Allocation Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2021-11-24. Guggenheim Active Allocation Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund seeks invest in a range of both fixed-income and other debt instruments (Income Securities) selected from a variety of sectors and credit qualities, including, but not limited to, government & agency securities, corporate bonds, loans and loan participations, structured finance investments (including residential and commercial mortgage-related securities, asset-backed securities, collateralized debt obligations & risk-linked securities), mezzanine and preferred securities and convertible securities. The Fund may also invest in United States dollar-denominated income securities of foreign issuers. The Fund’s investment adviser is investment adviser is Guggenheim Funds Investment Advisors, LLC.
GUG Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Guggenheim Active Allocation Fund is classified as not halal.
NOT HALALGuggenheim Active Allocation Fund (GUG) Chart
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Financial Metrics & Statements of Guggenheim Active Allocation Fund (GUG)
FAQ's for Guggenheim Active Allocation Fund (GUG)
- As of November 2026, Guggenheim Active Allocation Fund GUG 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 Guggenheim Active Allocation Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Guggenheim Active Allocation 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 Guggenheim Active Allocation 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 Guggenheim Active Allocation 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 Guggenheim Active Allocation 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 Guggenheim Active Allocation Fund (GUG)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
