Does Calamos Convertible Opportunities and Income Fund pass AAOIFI screening?

Calamos Convertible Opportunities and Income Fund (CHI) 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% (CHI: 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 Calamos Convertible Opportunities and Income Fund 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 Calamos Convertible Opportunities and Income Fund (CHI) using the latest financial data.

Where can I screen Calamos Convertible Opportunities and Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Calamos Convertible Opportunities and Income Fund (CHI) 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 CHI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CHI: Is Calamos Convertible Opportunities and Income Fund Halal?

Calamos Convertible Opportunities and Income Fund

NASDAQFinancial ServicesUS

$12.59

-0.55%

Market Cap: 1.0B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Calamos Convertible Opportunities and Income Fund (CHI) halal? Not Halal. Based on AAOIFI screening, Calamos Convertible Opportunities and Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Calamos Convertible Opportunities and Income Fund (CHI) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/CHI

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

95.7% of 5.0% limit

99% of the basket's holdings were screened individually.

About Calamos Convertible Opportunities and Income Fund

The Calamos Convertible Opportunities and Income Fund, a closed-end mutual fund dedicated to fixed-income assets, was established by Calamos Investments LLC. Its day-to-day management is handled by Calamos Advisors LLC. The fund's investment mandate centers on the fixed income markets within the United States, where it strategically diversifies its holdings across convertible securities and high-yield corporate bonds. These debt instruments typically carry credit ratings of Ba or lower by Moody's or BB or lower by Standard & Poor's. Its portfolio construction relies on a sophisticated blend of fundamental and quantitative analysis. This analytical approach deeply examines factors such as financial robustness, the issuer's capacity to meet interest and dividend obligations, projected earnings and cash flow, and the competence of its management. Formed on April 17, 2002, the fund is legally domiciled in the U.S.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 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% (95.7%)

Basket Composition

99% 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.

96%

Halal2%

Doubtful1%

Not Halal96%

Unknown1%

Top Holdings

WDCWESTERN DIGITAL CORPNot Halal3.55%LITELUMENTUM HOLDINGS INCNot Halal3.37%BEBLOOM ENERGY CORPNot Halal2.19%BABOEING CO/THENot Halal2.11%MKSIMKS INCNot Halal2.03%AKAMAKAMAI TECHNOLOGIES INCNot Halal1.72%ONON SEMICONDUCTOR CORPNot Halal1.53%ORCLORACLE CORPDoubtful1.50%DIGITAL REALTY TRUST LPNot Halal1.49%BWXTBWX TECHNOLOGIES INCNot Halal1.46%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

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:

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Sprott Physical Gold and Silver Trust

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Frequently Asked Questions

Is Calamos Convertible Opportunities and Income Fund (CHI) halal to invest in?

Calamos Convertible Opportunities and Income Fund (CHI) 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 Calamos Convertible Opportunities and Income Fund get a F compliance rating?

Calamos Convertible Opportunities and 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 Calamos Convertible Opportunities and Income Fund's Shariah verdict?

Calamos Convertible Opportunities and 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 Calamos Convertible Opportunities and Income Fund re-screened for Shariah compliance?

Calamos Convertible Opportunities and Income Fund (CHI) 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: Sep 1, 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.