Is Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) halal? Not Halal. Based on AAOIFI screening, Nuveen Dow 30 Dynamic Overwrite Fund passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
DIAX — Is Nuveen Dow 30 Dynamic Overwrite Fund Halal?
UnknownNuveen Dow 30 Dynamic Overwrite Fund
$14.10
-0.91%
About Nuveen Dow 30 Dynamic Overwrite Fund
Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average. The fund was formerly known as Dow 30 Premium & Dividend Income Fund Inc. Nuveen Dow 30 Dynamic Overwrite Fund was formed on April 29, 2005 and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Basket Composition
0% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Compliance History
Under Review — unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
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Financial Overview
Market Cap
512.8M
Price
$14.10
Sector
Financial Services
Industry
Asset Management
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.