Is Nuveen Variable Rate Preferred & Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Nuveen Variable Rate Preferred & Income Fund (NPFD) is currently classified as NOT HALAL as of December 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Nuveen Variable Rate Preferred & Income Fund a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Nuveen Variable Rate Preferred & Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Nuveen Variable Rate Preferred & Income Fund?

Muslim investors may consider investing in Nuveen Variable Rate Preferred & 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.

Why is Nuveen Variable Rate Preferred & Income Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Nuveen Variable Rate Preferred & Income Fund by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Nuveen Variable Rate Preferred & Income Fund updated?

The Shariah compliance status of Nuveen Variable Rate Preferred & Income Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Nuveen Variable Rate Preferred & Income Fund become non-compliant?

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.

Where can I check the Shariah status of Nuveen Variable Rate Preferred & Income Fund?

You can check the latest Shariah compliance status of Nuveen Variable Rate Preferred & Income Fund on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

NPFD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 15, 2025

Report Source: 2025 Annual Report

Nuveen Variable Rate Preferred & Income Fund. Stock Analysis NPFD

United States N/A Small Cap Report: 2025 Annual

Nuveen Variable Rate Preferred & Income Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2021-12-16. Nuveen Variable Rate Preferred & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and total return. The Fund invests at least 80% of its Assets in variable rate preferred securities and other variable rate income producing securities. The Fund invests at least 50% of its Managed Assets in securities that are rated investment grade or are unrated but judged to be of comparable quality by the Fund’s sub-adviser. The Fund may invest up to 20% of its Managed Assets in contingent capital securities or contingent convertible securities. The Fund may invest up to 15% of its Managed Assets in companies located in emerging market countries. The Fund will invest more than 25% of its Managed Assets in the securities of companies principally engaged in the financial services sector. The investment adviser of the Fund is Nuveen Fund Advisors, LLC.

Key Statistics of Nuveen Variable Rate Preferred & Income Fund (NPFD)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$18.90$19.05

Today's Open

$18.98

Volume

54.07K

P/E Ratio (TTM)

9.88

52 Week Range

$17.59$20.12

Market Cap

462.98M

Avg. Volume

50.65K

Dividend Yield

10.56%

Financial Metrics & Statements of Nuveen Variable Rate Preferred & Income Fund (NPFD)

FAQ's for Nuveen Variable Rate Preferred & Income Fund (NPFD)

According to Musaffa’s Shariah screening methodology, Nuveen Variable Rate Preferred & Income Fund (NPFD) is currently classified as NOT HALAL as of December 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.