Is Reaves Utility Income Fund (UTG) halal to invest in?

As of يونيو 2026, based on AAOIFI Shariah screening standards, Reaves Utility Income Fund (UTG) 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 (7.5%). Thresholds are 30%, 30%, and 5% respectively. Screen UTG and 10,000+ stocks free at HalalScreener.app.

What is Reaves Utility Income Fund's Shariah compliance score?

Reaves Utility Income Fund's (UTG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Reaves Utility Income Fund pass AAOIFI screening?

Reaves Utility Income Fund (UTG) 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% (UTG: 0.0%), (3) interest-bearing deposits below 30% (UTG: 0.0%), and (4) prohibited income below 5% (UTG: 7.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Reaves Utility Income Fund stock?

Reaves Utility Income Fund (UTG) has a non-permissible income ratio of 7.46%. Muslim investors should purify this percentage of any dividends received and capital gains realized from UTG 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 Reaves Utility Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Reaves Utility Income Fund (UTG) 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 UTG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Reaves Utility Income Fund (UTG) halal? Not Halal. Based on AAOIFI screening, Reaves Utility Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

UTG: Is Reaves Utility Income Fund Halal?

Not Halal

Reaves Utility Income Fund

AMEXFinancial ServicesUS

$41.92

-0.12%

About Reaves Utility Income Fund

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

معيار أيوفي 21تحديث ١٢ 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% (80.8%)

Basket Composition

88% 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.

29%

81%

Halal29%

Doubtful3%

Haram81%

Unknown0%

Top Holdings

TLNTalen Energy Corpharam10.24%CNPCenterPoint Energy Incharam5.84%IDAIDACORP Incharam4.97%VSTVistra Corpharam4.89%CEGConstellation Energy Corphalal4.80%XELXcel Energy Incharam4.72%ETREntergy Corpharam4.28%NINiSource Incharam4.28%MPMP Materials Corpharam4.20%Deutsche Telekom AGunknown4.14%

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 12, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

3.8B

Price

$41.92

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+

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$36.03

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IPCXA+

Inflection Point Acquisition Corp. III

$10.31

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AXINA+

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$10.42

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Free · No credit card required

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الأسئلة الشائعة

هل Reaves Utility Income Fund (UTG) حلال للاستثمار؟

Reaves Utility Income Fund (UTG) 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 Reaves Utility Income Fund على تقييم توافق F؟

Reaves Utility 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 Reaves Utility Income Fund الشرعي؟

Reaves Utility 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 Reaves Utility Income Fund للتوافق الشرعي؟

Reaves Utility Income Fund (UTG) 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 12, 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.