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Is Virtus Convertible & Income Fund Stock Halal?
Shariah Compliance Analysis of NCV Stock
United States N/A Small Cap No. As of November 2026, Virtus Convertible & Income Fund (NCV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Virtus Convertible & Income Fund does not pass Musaffa's business and financial screening criteria.
Virtus Convertible & Income Fund is a US-based company operating in industry. The company is headquartered in Greenfield, Massachusetts. The company went IPO on 2003-03-27. Virtus Convertible & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and high current income. Under normal circumstances, the Fund invest approximately 80% of its total assets in a diversified portfolio of convertible securities and non-convertible income-producing securities. The portion of the Fund’s assets invested in convertible securities, on the one hand, and non-convertible income-producing securities, on the other and the Fund will normally invest at least 50% of its total assets in convertible securities. The Fund may invest up to 20% of its total assets in securities other than convertible securities and non-convertible income-producing securities. The Fund invests in various sectors, including airlines, auto manufacturers, banks, computers, biotechnology, among others. The Fund's investment advisor is Virtus Investment Advisers, Inc.
NCV Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Virtus Convertible & Income Fund is classified as not halal.
NOT HALALVirtus Convertible & Income Fund (NCV) Chart
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Financial Metrics & Statements of Virtus Convertible & Income Fund (NCV)
FAQ's for Virtus Convertible & Income Fund (NCV)
- As of November 2026, Virtus Convertible & Income Fund NCV 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 Virtus Convertible & Income Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Virtus Convertible & 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 Virtus Convertible & 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 Virtus Convertible & 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 Virtus Convertible & 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 Virtus Convertible & Income Fund (NCV)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
