Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Calamos Strategic Total Return Fund (CSQ) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Calamos Strategic 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 Strategic Total Return Fund (CSQ) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/CSQ
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
CSQ: Is Calamos Strategic Total Return Fund Halal?
Calamos Strategic Total Return Fund
$19.79
Market Cap: 3.2B
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About Calamos Strategic Total Return Fund
The Calamos Strategic Total Return Fund functions as a closed-end balanced mutual fund, originally launched by Calamos Investments LLC and currently managed by Calamos Advisors LLC. This fund primarily allocates capital within the public equity and fixed income markets of the United States, targeting investments in companies operating across a wide range of sectors. Its portfolio predominantly features common and preferred stocks from businesses of all market capitalizations, alongside convertible securities and high-yield corporate bonds, which typically maintain an average S&P credit rating of BB. To construct its investment holdings, the fund utilizes a comprehensive analytical framework, integrating both fundamental and quantitative methods, coupled with a blend of bottom-up and top-down security selection strategies. Established on December 31, 2003, the fund is legally domiciled in the United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CSQ 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% (38.8%)
Basket Composition
98% 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 Jul 2026
Under Review
until the change above
Tracked since May 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.