Compliance Status
Not Halal
Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Calamos Convertible Opportunities and Income Fund (CHI) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Calamos Convertible Opportunities and Income 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 Convertible Opportunities and Income Fund (CHI) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/CHI
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.
CHI: Is Calamos Convertible Opportunities and Income Fund Halal?
Calamos Convertible Opportunities and Income Fund
$11.06
Market Cap: 894.4M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CHI 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% (94.0%)
Basket Composition
99% 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 Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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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.