Nuveen Floating Rate Income Fund JFR
$7.54 $0.04 (0.53%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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JFR Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Nuveen Floating Rate Income Fund is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Nuveen Floating Rate Income Fund. Stock Analysis JFR
United States N/A Small Cap Nuveen Floating Rate Income Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2004-03-26. Nuveen Floating Rate Income Fund (the Fund) is a closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests at least 80% of its Assets in secured Senior Loans and unsecured Senior Loans, which unsecured Senior Loans will be, at the time of investment, investment grade quality. The Fund invests at least 65% of its Managed Assets in Senior Loans that are secured by specific collateral. The Fund may invest its Managed Assets without limit in Senior Loans and other debt instruments that are, at the time of investment, rated below investment grade or unrated but judged to be of comparable quality. The company may invest up to 20% of its Managed Assets in securities of non‑United States issuers (which includes borrowers) that are United States dollar or non-United States dollar denominated. The company may invest up to 5% of its Managed Assets in iBoxx Loan Total Return Swaps. Its investment adviser is Nuveen Fund Advisors, LLC.
Nuveen Floating Rate Income Fund (JFR) Chart
Financial Metrics & Statements of Nuveen Floating Rate Income Fund (JFR)
FAQ's for Nuveen Floating Rate Income Fund (JFR)
- As of August 2026, Nuveen Floating Rate Income Fund JFR 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 Nuveen Floating Rate Income Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Nuveen Floating Rate Income 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 Nuveen Floating Rate Income 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 Nuveen Floating Rate Income 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 Nuveen Floating Rate Income 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 Nuveen Floating Rate Income Fund (JFR)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
