Is Highland Global Allocation Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Highland Global Allocation Fund (HGLB) is currently classified as NOT HALAL as of December 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 Highland Global Allocation 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 Highland Global Allocation Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Highland Global Allocation Fund?

Muslim investors may consider investing in Highland Global 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.

Why is Highland Global Allocation Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Highland Global Allocation 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 Highland Global Allocation Fund updated?

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

Can a halal stock like Highland Global Allocation 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 Highland Global Allocation Fund?

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

HGLB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 16, 2025

Report Source: 2025 Annual Report

Highland Global Allocation Fund. Stock Analysis HGLB

United States N/A Micro Cap Report: 2025 Annual

Highland Global Allocation Fund is a US-based company operating in industry. The company is headquartered in Dallas, Texas. The company went IPO on 2019-02-19. Highland Global Allocation Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks to achieve its investment objectives by investing in a portfolio of United States and foreign equity, debt and money market securities. The Fund intends to invest at least 50% of its net assets in equity securities and at least 40% of its net assets in securities of non-United States issuers. The Fund may also invest in debt securities of any kind, including debt securities of varying maturities, debt securities paying a fixed or fluctuating rate of interest, inflation-indexed bonds, structured notes, loan assignments, loan participations, asset-backed securities, debt securities convertible into equity securities, and securities issued or guaranteed by the United States. The Fund's investment adviser is NexPoint Asset Management, L.P.

Key Statistics of Highland Global Allocation Fund (HGLB)

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

Today's Range

$7.80$8.12

Today's Open

$8.12

Volume

63.98K

P/E Ratio (TTM)

52 Week Range

$7.53$10.64

Market Cap

191.75M

Avg. Volume

71.45K

Dividend Yield

Financial Metrics & Statements of Highland Global Allocation Fund (HGLB)

FAQ's for Highland Global Allocation Fund (HGLB)

According to Musaffa’s Shariah screening methodology, Highland Global Allocation Fund (HGLB) is currently classified as NOT HALAL as of December 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.