Calamos Strategic Total Return Fund

CSQ: Is Calamos Strategic Total Return Fund Halal?

Calamos Strategic Total Return Fund

NASDAQFinancial ServicesUS

$20.29

+1.25%

Market Cap: 3.3B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Calamos Strategic Total Return Fund (CSQ) halal? Not Halal. Based on AAOIFI screening, Calamos Strategic Total Return Fund 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.

57.5% of 5.0% limit

97% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 16, 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% (57.5%)

Basket Composition

97% 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.

74%
57%
Halal74%
Doubtful2%
Not Halal57%
Unknown0%

Top Holdings

NVDANVIDIA CorpHalal7.38%GOOGLAlphabet IncHalal6.87%AAPLApple IncHalal6.71%MSFTMicrosoft CorpHalal5.01%AMZNAmazon.com IncHalal4.92%AVGOBroadcom IncHalal3.59%METAMeta Platforms IncHalal2.43%TSLATesla IncHalal2.00%GEVGE Vernova IncHalal1.83%JPMJPMorgan Chase & CoNot Halal1.71%

Compliance History

  1. Not Halalnow

    since Jul 2026

  2. 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:

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$368.41

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$50.78

+0.47%

Sprott Physical Silver Trust
PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

Sprott Physical Gold Trust
PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

F

V

Visa Inc.

A

MA

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

F

WFC

Wells Fargo & Company

F
Free · No credit card required

Track CSQ and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Calamos Strategic Total Return Fund (CSQ) halal to invest in?
Calamos Strategic Total Return Fund (CSQ) 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 Strategic Total Return Fund get a F compliance rating?
Calamos Strategic Total Return 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 Strategic Total Return Fund's Shariah verdict?
Calamos Strategic Total Return 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 Strategic Total Return Fund re-screened for Shariah compliance?
Calamos Strategic Total Return Fund (CSQ) 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 16, 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.