Does Eaton Vance California Municipal Income Trust pass AAOIFI screening?

Eaton Vance California Municipal Income Trust (CEV) 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% (CEV: 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 Eaton Vance California Municipal Income Trust 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 Eaton Vance California Municipal Income Trust (CEV) using the latest financial data.

Where can I screen Eaton Vance California Municipal Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eaton Vance California Municipal Income Trust (CEV) 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 CEV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CEV: Is Eaton Vance California Municipal Income Trust Halal?

Eaton Vance California Municipal Income Trust

AMEXFinancial ServicesUS

$10.82

-0.18%

Market Cap: 76.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eaton Vance California Municipal Income Trust (CEV) halal? Not Halal. Based on AAOIFI screening, Eaton Vance California Municipal Income Trust 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.

100.0% of 5.0% limit

100% of the basket's holdings were screened individually.

About Eaton Vance California Municipal Income Trust

The Eaton Vance California Municipal Income Trust (CEV) operates as a closed-end mutual fund under the management of Eaton Vance Management, its original creator. This fund is dedicated to investing in various fixed income markets. Its primary strategy involves acquiring debt securities issued by a diverse array of sectors, including education, healthcare (hospitals), housing, and transportation. Additionally, it invests in specific insured categories such as insured-education, insured-electric utilities, insured-hospital, insured-transportation, and insured-water and sewer. Established in 1999, the Trust is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

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% (100.0%)

Basket Composition

100% 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 Halal100%

Unknown0%

Top Holdings

California State UniversityNot Halal5.01%State of CaliforniaNot Halal4.50%University of CaliforniaNot Halal4.46%San Diego Community College DistrictNot Halal4.45%San Francisco City & County Airport Comm-San Francisco International AirportNot Halal4.43%City of Los Angeles Department of AirportsNot Halal4.33%Alameda Corridor Transportation AuthorityNot Halal3.79%California Health Facilities Financing AuthorityNot Halal3.65%Lancaster School District/CANot Halal3.63%San Diego Unified School District/CANot Halal3.13%

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

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SLVA+

iShares Silver Trust

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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 Eaton Vance California Municipal Income Trust (CEV) halal to invest in?

Eaton Vance California Municipal Income Trust (CEV) 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 Eaton Vance California Municipal Income Trust get a F compliance rating?

Eaton Vance California Municipal Income Trust'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 Eaton Vance California Municipal Income Trust's Shariah verdict?

Eaton Vance California Municipal 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 Eaton Vance California Municipal Income Trust re-screened for Shariah compliance?

Eaton Vance California Municipal Income Trust (CEV) 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.