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Is John Hancock Preferred Income Fund II Stock Halal?
Shariah Compliance Analysis of HPF Stock
No. As of November 2026, John Hancock Preferred Income Fund II (HPF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. John Hancock Preferred Income Fund II does not pass Musaffa's business and financial screening criteria.
John Hancock Preferred Income Fund II is a US-based company operating in industry. The company is headquartered in Boston, Massachusetts. The company went IPO on 2002-11-26. John Hancock Preferred Income Fund II (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income, consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The Fund seeks to achieve its objectives by investing in securities that, in the opinion of the Advisor, may be undervalued relative to similar securities in the marketplace. The Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. The Fund's investment portfolio includes communication services, consumer discretionary, financials, industrials, real estate, utilities, consumer staples, energy, and others. The Fund’s investment advisor is John Hancock Investment Management LLC.
HPF Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, John Hancock Preferred Income Fund II is classified as not halal.
NOT HALALJohn Hancock Preferred Income Fund II (HPF) Chart
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Financial Metrics & Statements of John Hancock Preferred Income Fund II (HPF)
FAQ's for John Hancock Preferred Income Fund II (HPF)
- As of November 2026, John Hancock Preferred Income Fund II HPF 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 John Hancock Preferred Income Fund II using these criteria to determine its compliance status.
- Muslim investors may consider investing in John Hancock Preferred Income Fund II 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 John Hancock Preferred Income Fund II 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 John Hancock Preferred Income Fund II 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 John Hancock Preferred Income Fund II 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 John Hancock Preferred Income Fund II (HPF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.