Compliance Status
Not Halal
Screened on Oct 17, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Virtus Diversified Income & Convertible Fund (ACV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Virtus Diversified Income & Convertible Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Virtus Diversified Income & Convertible Fund (ACV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 17, 2026. Source: https://halalscreener.app/en/stock/ACV
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.
ACV: Is Virtus Diversified Income & Convertible Fund Halal?
Virtus Diversified Income & Convertible Fund
$23.68
Market Cap: 246.2M
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About Virtus Diversified Income & Convertible Fund
The Virtus Diversified Income & Convertible Fund operates as a closed-ended, balanced mutual fund. It was established and is primarily overseen by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC sharing co-management duties. This fund strategically allocates its investments across both public equity and fixed-income markets. Its core investment approach involves constructing a diverse portfolio, predominantly comprising convertible securities, dividend-paying stocks, and various income-generating debt instruments with differing maturity profiles. The fund's investment decisions are guided by in-depth fundamental analysis coupled with a detailed bottom-up process for selecting individual securities. This U.S.-domiciled fund began its operations on May 27, 2015.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why ACV is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (75.1%)
Basket Composition
99% 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.