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

As of يونيو 2026, based on AAOIFI Shariah screening standards, Nuveen Variable Rate Preferred & Income Fund (NPFD) is currently rated as "Not Halal" with a compliance grade of F (Non-Compliant). The screening examines business activities (qualitative) and three financial ratios: debt-to-market-cap (0.0%), interest-bearing deposits to market cap (0.0%), and prohibited income (100.0%). Thresholds are 30%, 30%, and 5% respectively. Screen NPFD and 10,000+ stocks free at HalalScreener.app.

What is Nuveen Variable Rate Preferred & Income Fund's Shariah compliance score?

Nuveen Variable Rate Preferred & Income Fund's (NPFD) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Variable Rate Preferred & Income Fund pass AAOIFI screening?

Nuveen Variable Rate Preferred & Income Fund (NPFD) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NPFD: 0.0%), (3) interest-bearing deposits below 30% (NPFD: 0.0%), and (4) prohibited income below 5% (NPFD: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Variable Rate Preferred & Income Fund stock?

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

Where can I screen Nuveen Variable Rate Preferred & Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Variable Rate Preferred & Income Fund (NPFD) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NPFD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Nuveen Variable Rate Preferred & Income Fund (NPFD) halal? Not Halal. Based on AAOIFI screening, Nuveen Variable Rate Preferred & Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

NPFD: Is Nuveen Variable Rate Preferred & Income Fund Halal?

Not Halal

Nuveen Variable Rate Preferred & Income Fund

NYSEFinancial ServicesUS

$18.71

-0.27%

About Nuveen Variable Rate Preferred & Income Fund

Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

معيار أيوفي 21تحديث ١٥ 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% (148.8%)

Basket Composition

95% 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.

149%

Halal0%

Doubtful1%

Haram149%

Unknown0%

Top Holdings

JPMJPMorgan Chase & Coharam3.83%BACBank of America Corpharam3.82%CCitigroup Incharam2.81%SBL HOLDINGS INCharam2.79%WFCWells Fargo & Coharam2.75%TFCTRUIST FINANCIAL CORPharam2.70%WFCWELLS FARGO & COMPANYharam2.69%GSGoldman Sachs Group Inc/Theharam2.39%VODAFONE GROUP PLCharam2.15%GENERAL MOTORS FINL COharam2.13%

Compliance History

Not Halalnow
current status
Under Review
until the change above

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

Screened: Jun 15, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

452.1M

Price

$18.71

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:

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ABA+

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IPCXA+

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AXINA+

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Free · No credit card required

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الأسئلة الشائعة

هل Nuveen Variable Rate Preferred & Income Fund (NPFD) حلال للاستثمار؟

Nuveen Variable Rate Preferred & Income Fund (NPFD) 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 Nuveen Variable Rate Preferred & Income Fund على تقييم توافق F؟

Nuveen Variable Rate Preferred & Income 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 Nuveen Variable Rate Preferred & Income Fund الشرعي؟

Nuveen Variable Rate Preferred & Income 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 Nuveen Variable Rate Preferred & Income Fund للتوافق الشرعي؟

Nuveen Variable Rate Preferred & Income Fund (NPFD) 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 15, 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.