What is Nuveen S&P 500 Buy-Write Income Fund's Shariah compliance score?

Nuveen S&P 500 Buy-Write Income Fund's (BXMX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen S&P 500 Buy-Write Income Fund pass AAOIFI screening?

Nuveen S&P 500 Buy-Write Income Fund (BXMX) 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% (BXMX: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Nuveen S&P 500 Buy-Write Income Fund stock?

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 exact percentage and amount for Nuveen S&P 500 Buy-Write Income Fund (BXMX) using the latest financial data.

Where can I screen Nuveen S&P 500 Buy-Write Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen S&P 500 Buy-Write Income Fund (BXMX) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BXMX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BXMX: Is Nuveen S&P 500 Buy-Write Income Fund Halal?

Nuveen S&P 500 Buy-Write Income Fund

NYSEFinancial ServicesUS

$13.26

-2.07%

Market Cap: 1.4B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen S&P 500 Buy-Write Income Fund (BXMX) halal? Not Halal. Based on AAOIFI screening, Nuveen S&P 500 Buy-Write Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Nuveen S&P 500 Buy-Write Income Fund (BXMX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/BXMX

Basket rule

Over the limit

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

23.1% of 5.0% limit

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

About Nuveen S&P 500 Buy-Write Income Fund

The Nuveen S&P 500 Buy-Write Income Fund, previously known as the Nuveen Equity Premium Income Fund, operates as a closed-end, equity-indexed mutual fund. It was established by Nuveen Investments, Inc. and is jointly managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. This fund primarily allocates capital to U.S. public equities, targeting companies across a broad range of industries. A core component of its investment strategy involves utilizing index call options. Its principal aim is to closely track the performance of the S&P 500 Index by investing proportionally to its constituent weighting. Inaugurated on July 23, 2004, the fund is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 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% (23.1%)

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.

74%

23%

Halal74%

Doubtful2%

Not Halal23%

Unknown1%

Top Holdings

NVDANVIDIA CorpHalal7.71%AAPLApple IncHalal6.94%MSFTMicrosoft CorpHalal6.38%AMZNAmazon.com IncHalal4.07%STATE STREET BANK AND TRUST COMPANYNot Halal3.26%GOOGLAlphabet IncHalal3.00%AVGOBroadcom IncHalal2.87%GOOGLAlphabet IncHalal2.84%METAMeta Platforms IncHalal2.66%TSLATesla IncHalal2.20%

Compliance History

Not Halalnow
since Sep 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

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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JPMorgan Chase & Co.

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A+

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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 Nuveen S&P 500 Buy-Write Income Fund (BXMX) halal to invest in?

Nuveen S&P 500 Buy-Write Income Fund (BXMX) 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 Nuveen S&P 500 Buy-Write Income Fund get a F compliance rating?

Nuveen S&P 500 Buy-Write 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.

What could change Nuveen S&P 500 Buy-Write Income Fund's Shariah verdict?

Nuveen S&P 500 Buy-Write 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.

How often is Nuveen S&P 500 Buy-Write Income Fund re-screened for Shariah compliance?

Nuveen S&P 500 Buy-Write Income Fund (BXMX) 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: Sep 1, 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.