Western Asset High Income Fund II Inc HIX
$3.94 $0.01 (0.25%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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HIX Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Western Asset High Income Fund II Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Western Asset High Income Fund II Inc. Stock Analysis HIX
United States N/A Small Cap Western Asset High Income Fund II Inc is a US-based company operating in industry. The company is headquartered in New York City, New York. Western Asset High Income Fund II Inc. (the Fund) is a diversified, closed end management investment company. The Fund's primary investment objective is to maximize current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income. Under normal conditions, the Fund invests at least 80% of its net assets and any borrowings for investment purposes in high-yield debt securities. The Fund invests up to 35% of its total assets in debt securities of issuers located in emerging market countries. The Fund may invest up to 20% of its total assets in common stock, convertible securities, warrants, preferred stock or other equity securities of the United States and foreign issuers when consistent with its objectives. The Fund's investment manager is Franklin Templeton Fund Adviser, LLC.
Western Asset High Income Fund II Inc (HIX) Chart
Financial Metrics & Statements of Western Asset High Income Fund II Inc (HIX)
FAQ's for Western Asset High Income Fund II Inc (HIX)
- As of August 2026, Western Asset High Income Fund II Inc HIX 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 Western Asset High Income Fund II Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Western Asset High Income Fund II 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 Western Asset High Income Fund II 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 Western Asset High Income Fund II 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 Western Asset High Income Fund II 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 Western Asset High Income Fund II Inc (HIX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
