Compliance Status
Not Halal
Screened on Oct 8, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Calamos Global Total Return Fund (CGO) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Calamos Global Total Return Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Calamos Global Total Return Fund (CGO) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/CGO
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
80% of the basket's holdings were screened individually.
CGO: Is Calamos Global Total Return Fund Halal?
Calamos Global Total Return Fund
$12.54
Market Cap: 123.2M
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About Calamos Global Total Return Fund
The Calamos Global Total Return Fund is a U.S.-domiciled, balanced, closed-end mutual fund that originated from Calamos Investments LLC and is overseen by Calamos Advisors LLC. Established on March 30, 2004, this fund strategically allocates capital across international public equity and fixed-income markets. Its investment objective is to identify opportunities in securities issued by companies spanning a diverse range of sectors. The portfolio predominantly comprises common stocks, convertible bonds, and high-yield corporate debt instruments. To construct its holdings, the fund integrates thorough fundamental research with systematic quantitative analysis. The Calamos Global Total Return Fund measures its investment performance against the MSCI World Index.
Sector: Financial Services · Industry: Asset Management - Global
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CGO is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (43.3%)
Basket Composition
80% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.