Compliance Status
Not Halal
Screened on Oct 16, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Blackstone/GSO Strategic Credit Fund (BGB) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Blackstone/GSO Strategic Credit Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Blackstone/GSO Strategic Credit Fund (BGB) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/BGB
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
BGB: Is Blackstone/GSO Strategic Credit Fund Halal?
Blackstone/GSO Strategic Credit Fund
$11.06
Market Cap: 494.0M
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About Blackstone/GSO Strategic Credit Fund
Blackstone/GSO Strategic Credit Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities. The fund employs fundamental analysis using a research-driven credit analysis approach while focusing on factors like companies which offer attractive risk / return characteristics to create its portfolio. It benchmarks the performance of its portfolio against a composite index comprised of 75% S&P/LSTA Leveraged Loan Index and 25% Barclays US High Yield Index. Blackstone/GSO Strategic Credit Fund was formed on September 26, 2012 and is domiciled in United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why BGB 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% (99.7%)
Basket Composition
100% 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.
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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.