What is The Central and Eastern Europe Fund, Inc.'s Shariah compliance score?

The Central and Eastern Europe Fund, Inc.'s (CEE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Central and Eastern Europe Fund, Inc. pass AAOIFI screening?

The Central and Eastern Europe Fund, Inc. (CEE) 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% (CEE: 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 The Central and Eastern Europe Fund, Inc. 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 The Central and Eastern Europe Fund, Inc. (CEE) using the latest financial data.

Where can I screen The Central and Eastern Europe Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Central and Eastern Europe Fund, Inc. (CEE) 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 CEE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CEE: Is The Central and Eastern Europe Fund, Inc. Halal?

The Central and Eastern Europe Fund, Inc.

NYSEFinancial ServicesUS

$20.28

-0.10%

Market Cap: 131.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Central and Eastern Europe Fund, Inc. (CEE) halal? Not Halal. Based on AAOIFI screening, The Central and Eastern Europe Fund, Inc. 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.

8.5% of 5.0% limit

9% of the basket's holdings were screened individually.

About The Central and Eastern Europe Fund, Inc.

The Central and Eastern Europe Fund, Inc. (CEE) operates as a closed-end equity mutual fund, originally established by Deutsche Investment Management Americas Inc. and currently overseen by Deutsche Asset Management International GmbH. Its primary investment objective is to allocate capital to publicly traded companies across a range of diversified sectors within the public equity markets of Central and Eastern Europe. To gauge its performance, the fund utilizes the CECE, RTX, and ISE National 30 indices as benchmarks. This fund, which was previously known as The Central Europe And Russia Fund, Inc., was officially formed in the United States on March 6, 1990.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (8.5%)

Basket Composition

9% 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.

91%

Halal0%

Doubtful0%

Not Halal9%

Unknown91%

Top Holdings

OTP BANK PLC /HUF/Unknown10.83%DWSNot Halal7.49%ORLEN SA /PLN/Unknown6.44%KGHM POLSKA MIEDZ SA /PLN/Unknown5.58%POWSZECHNY ZAKLAD UBEZPI /PLN/Unknown4.93%BANK PEKAO SA /PLN/Unknown4.82%ASTOR TRANSFORMATOR ENER /TRY/Unknown4.65%ALLEGRO.EU SA /PLN/Unknown4.61%RICHTER GEDEON NYRT /HUF/Unknown4.44%PKO BANK POLSKI SA /PLN/Unknown4.36%

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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+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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Frequently Asked Questions

Is The Central and Eastern Europe Fund, Inc. (CEE) halal to invest in?

The Central and Eastern Europe Fund, Inc. (CEE) 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 The Central and Eastern Europe Fund, Inc. get a F compliance rating?

The Central and Eastern Europe Fund, Inc.'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 The Central and Eastern Europe Fund, Inc.'s Shariah verdict?

The Central and Eastern Europe Fund, Inc.'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 The Central and Eastern Europe Fund, Inc. re-screened for Shariah compliance?

The Central and Eastern Europe Fund, Inc. (CEE) 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: Aug 26, 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.