Highland Global Allocation Fund HGLB
$7.60 $0.03 (0.40%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
Pricing for US stocks is delayed by 24 hours
HGLB Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Highland Global Allocation Fund is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
H
Highland Global Allocation Fund. Stock Analysis HGLB
United States N/A Micro Cap 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.
Highland Global Allocation Fund (HGLB) Chart
Financial Metrics & Statements of Highland Global Allocation Fund (HGLB)
FAQ's for Highland Global Allocation Fund (HGLB)
- As of August 2026, Highland Global Allocation Fund HGLB 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 Highland Global Allocation Fund using these criteria to determine its compliance status.
- 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.
- 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.
- 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.
- 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 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.
Alternate Halal Stocks for Highland Global Allocation Fund (HGLB)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
