Does Calamos Long/Short Equity & Dynamic Income Term Trust pass AAOIFI screening?

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) 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% (CPZ: 0.0%), (3) interest-bearing deposits below 30% (CPZ: 0.0%), and (4) prohibited income below 5% (CPZ: 49.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Calamos Long/Short Equity & Dynamic Income Term Trust stock?

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) has a non-permissible income ratio of 49.84%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CPZ shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Calamos Long/Short Equity & Dynamic Income Term Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CPZ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CPZ: Is Calamos Long/Short Equity & Dynamic Income Term Trust Halal?

Calamos Long/Short Equity & Dynamic Income Term Trust

NASDAQFinancial ServicesUS

$12.72

-0.31%

Market Cap: 249.7M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) halal? Not Halal. Based on AAOIFI screening, Calamos Long/Short Equity & Dynamic Income Term 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.

63.0% of 5.0% limit

91% of the basket's holdings were screened individually.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Long/Short Equity & Dynamic Income Trust is a diversified and closed-end management investment company, which engages in the business of seeking to provide current income and risk-managed capital appreciation. The firm is also involved in providing hedged market exposure through time-tested global long and short equity strategy. The company was founded on September 21, 2017 and is headquartered in Naperville, IL.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 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% (63.0%)

Basket Composition

91% 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.

42%

63%

Halal42%

Doubtful3%

Not Halal63%

Unknown0%

Top Holdings

AVGOBroadcom IncHalal4.55%NVDANVIDIA CorpHalal4.30%BABoeing Co/TheNot Halal3.93%UALUnited Airlines Holdings IncNot Halal3.46%WFCWells Fargo & CoNot Halal3.30%UNPUnion Pacific CorpHalal3.24%DR Horton IncUnknown3.01%LHXL3Harris Technologies IncNot Halal2.95%IFNNYInfineon Technologies AGHalal2.88%DASHDoorDash IncHalal2.73%

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:

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) halal to invest in?

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) 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 Long/Short Equity & Dynamic Income Term Trust get a F compliance rating?

Calamos Long/Short Equity & Dynamic Income Term 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 Calamos Long/Short Equity & Dynamic Income Term Trust's Shariah verdict?

Calamos Long/Short Equity & Dynamic Income Term 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 Calamos Long/Short Equity & Dynamic Income Term Trust re-screened for Shariah compliance?

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) 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: Jul 14, 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.