What is Virtus Diversified Income & Convertible Fund's Shariah compliance score?

Virtus Diversified Income & Convertible Fund's (ACV) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Virtus Diversified Income & Convertible Fund pass AAOIFI screening?

Virtus Diversified Income & Convertible Fund (ACV) 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% (ACV: 0.0%), (3) interest-bearing deposits below 30% (ACV: 0.0%), and (4) prohibited income below 5% (ACV: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Virtus Diversified Income & Convertible Fund stock?

Virtus Diversified Income & Convertible Fund (ACV) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ACV 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 Virtus Diversified Income & Convertible Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Virtus Diversified Income & Convertible Fund (ACV) 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 ACV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ACV: Is Virtus Diversified Income & Convertible Fund Halal?

Virtus Diversified Income & Convertible Fund

NYSEFinancial ServicesUS

$27.91

+1.86%

Market Cap: 290.2M

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

105.9% of 5.0% limit

99% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 16, 2026

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% (105.9%)

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.

27%

106%

Halal27%

Doubtful0%

Not Halal106%

Unknown0%

Top Holdings

WDCWESTERN DIGITAL CORPNot Halal4.62%BLACKROCK LIQUIDITY FUNDSNot Halal4.62%LITELUMENTUM HOLDINGS INCNot Halal3.34%NVDANVIDIA CORPHalal2.61%GOOGLALPHABET INCHalal2.27%WFCWELLS FARGO & COMPANYNot Halal2.23%WELLTOWER OP LLCNot Halal2.17%AAPLAPPLE INCHalal2.07%NEXTERA ENERGY CAPITAL HOLDINGS INCNot Halal2.05%BABOEING COMPANY (THE)Not Halal1.98%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

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+0.17%

SLVA+

iShares Silver Trust

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+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Virtus Diversified Income & Convertible Fund (ACV) halal to invest in?

Virtus Diversified Income & Convertible Fund (ACV) 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.

Why did Virtus Diversified Income & Convertible Fund get a F compliance rating?

Virtus Diversified Income & Convertible 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.

What could change Virtus Diversified Income & Convertible Fund's Shariah verdict?

Virtus Diversified Income & Convertible 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.

How often is Virtus Diversified Income & Convertible Fund re-screened for Shariah compliance?

Virtus Diversified Income & Convertible Fund (ACV) 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: Jul 16, 2026.

Screened according to 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. 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.