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UTG Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: February 28, 2026
Report Source: 2025 2nd Quarter Report
Reaves Utility Income Fund. Stock Analysis UTG
United States N/A Mid Cap Report: Reaves Utility Income Fund is a US-based company operating in industry. The company is headquartered in Denver, Colorado. The company went IPO on 2004-02-25. Reaves Utility Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in dividend-paying common and preferred stocks of companies in the utility industry. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for the generation or distribution of electricity, gas or water; telecommunications activities, and infrastructure operations, such as airports, toll roads and municipal services. The Fund may invest in preferred stocks and bonds of below investment grade quality (junk bonds). The Fund's investment adviser is W.H. Reaves & Co., Inc.
Read More Reaves Utility Income Fund (UTG) Chart
Key Statistics of Reaves Utility Income Fund (UTG)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$42.00Volume
213.22KP/E Ratio (TTM)
-52 Week Range
Market Cap
3.72BAvg. Volume
221.84KDividend Yield
-Financial Metrics & Statements of Reaves Utility Income Fund (UTG)
FAQ's for Reaves Utility Income Fund (UTG)
- According to Musaffa’s Shariah screening methodology, Reaves Utility Income Fund (UTG) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Reaves Utility Income Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in Reaves Utility 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 Reaves Utility 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 Reaves Utility 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 Reaves Utility Income Fund on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.