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

Nuveen S&P 500 Buy-Write Income Fund (BXMX) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

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% (BXMX: 0.0%), and (4) prohibited income below 5% (BXMX: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

Nuveen S&P 500 Buy-Write Income Fund (BXMX) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BXMX 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 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 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 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

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 Jul 16, 2026

Basket Composition

0% 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.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Compliance History

Under Review, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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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 screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Nuveen S&P 500 Buy-Write Income Fund get a C+ 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: 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.