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The Central and Eastern Europe Fund, Inc.

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

The Central and Eastern Europe Fund, Inc.

NYSEFinancial ServicesUS

$18.17

Market Cap: 117.3M

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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 21 look-throughUpdated Oct 5, 2026

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Basket Composition

3% 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.

97%
Halal0%
Doubtful0%
Not Halal3%
Unknown97%
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Screened according to AAOIFI Standard 21

Compliance History

  1. Under Reviewnow

    since Sep 2026

  2. Not Halal

    before we began tracking

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is The Central and Eastern Europe Fund, Inc. (CEE) halal to invest in?
HalalScreener has not published a verdict on The Central and Eastern Europe Fund, Inc. (CEE): the fund is under review, and the page above says why. 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 The Central and Eastern Europe Fund, Inc. get a C compliance rating?
The Central and Eastern Europe Fund, Inc. carries no grade while its verdict is withheld.
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. is re-screened as its published holdings change. Last screened: Oct 5, 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.