What is BlackRock Floating Rate Income Trust's Shariah compliance score?

BlackRock Floating Rate Income Trust (BGT) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Does BlackRock Floating Rate Income Trust pass AAOIFI look-through screening?

BlackRock Floating Rate Income Trust (BGT) does not pass AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

How much purification is needed for BlackRock Floating Rate Income Trust?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for BlackRock Floating Rate Income Trust (BGT) using the latest financial data.

Where can I screen BlackRock Floating Rate Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock Floating Rate Income Trust (BGT) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

BGTNot HalalF

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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is BlackRock Floating Rate Income Trust (BGT) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, BlackRock Floating Rate Income Trust 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 BlackRock Floating Rate Income Trust (BGT) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/BGT

Basket rule

Over the limit

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

91.7% of 5.0% limit

92% of the basket's holdings were screened individually.

BGT: Is BlackRock Floating Rate Income Trust Halal?

BlackRock Floating Rate Income Trust

NYSEFinancial ServicesUS

$10.05

Market Cap: 299.7M

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About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 13, 2026

AI Compliance Insight

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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% (91.7%)

Basket Composition

92% 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.

92%

Halal0%

Doubtful0%

Not Halal92%

Unknown8%

Top Holdings

Invesco Senior Loan ETFUnknown3.10%iShares Broad USD High Yield Corporate Bond ETFUnknown2.33%State Street Blackstone Senior Loan ETFUnknown1.77%Alliant Holdings Intermediate, LLCNot Halal0.95%HOLXHOLOGIC INCNot Halal0.89%BEIGNET INVESTOR LLCNot Halal0.77%Jane Street Group LLCNot Halal0.75%Allied Universal Holdco LLCNot Halal0.74%Chobani, LLCNot Halal0.70%TDGTransDigm IncNot Halal0.67%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

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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.

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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.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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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$382.01

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iShares Silver Trust

$51.51

PSLVA+

Sprott Physical Silver Trust

$18.48

PHYSA+

Sprott Physical Gold Trust

$31.50

CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is BlackRock Floating Rate Income Trust (BGT) halal to invest in?

BlackRock Floating Rate Income Trust (BGT) is rated Not Halal by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did BlackRock Floating Rate Income Trust get a F compliance rating?

BlackRock Floating Rate Income Trust's grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

What could change BlackRock Floating Rate Income Trust's Shariah verdict?

BlackRock Floating Rate Income Trust'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 BlackRock Floating Rate Income Trust re-screened for Shariah compliance?

BlackRock Floating Rate Income Trust is re-screened as its published holdings change. Last screened: Oct 13, 2026.

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.