How much purification is needed for Wells Fargo Advantage Funds - Allspring Income Opportunities Fund stock?

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EAD shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) halal? Not Halal. Based on AAOIFI screening, Wells Fargo Advantage Funds - Allspring Income Opportunities Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

EAD: Is Wells Fargo Advantage Funds - Allspring Income Opportunities Fund Halal?

Not Halal

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund

AMEXFinancial ServicesUS

$6.43

-0.92%

About Wells Fargo Advantage Funds - Allspring Income Opportunities Fund

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against Merrill Lynch High Yield Index. Wells Fargo Advantage Funds - Allspring Income Opportunities Fund was formed on February 26, 2003 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

معيار أيوفي 21تحديث ١٣ يونيو ٢٠٢٦

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (137.1%)

Basket Composition

99% of basket screened

ETFs 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.

137%

Halal0%

Doubtful0%

Haram137%

Unknown0%

Top Holdings

ALLSPRING GOVERNMENT MONEY MARharam4.04%SATSECHOSTAR CORPharam1.60%TDGTRANSDIGM INCharam1.51%CCO HLDGS LLC/CAP CORPharam1.32%CLOUD SOFTWARE GRP INCharam1.31%DVADAVITA INCharam1.26%ROGERS COMMUNICATIONS INharam1.13%ALLIANT HOLD / CO-ISSUERharam1.09%CXWCORECIVIC INCharam1.08%1261229 BC LTDharam1.08%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 13, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

380.0M

Price

$6.43

Sector

Financial Services

Industry

Asset Management - Income

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

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ABA+

AllianceBernstein Holding L.P.

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IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

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الأسئلة الشائعة

هل Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) حلال للاستثمار؟

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

لماذا حصل Wells Fargo Advantage Funds - Allspring Income Opportunities Fund على تقييم توافق F؟

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

ما الذي قد يغير حكم Wells Fargo Advantage Funds - Allspring Income Opportunities Fund الشرعي؟

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

كم مرة يُعاد فحص Wells Fargo Advantage Funds - Allspring Income Opportunities Fund للتوافق الشرعي؟

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 13, 2026.

مفحوص وفق معيار أيوفي رقم 21 · لأغراض إعلامية فقط. استشر مستشاراً مالياً إسلامياً مؤهلاً قبل الاستثمار.

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.