What is BNY Mellon High Yield Strategies Fund's Shariah compliance score?

BNY Mellon High Yield Strategies Fund's (DHF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does BNY Mellon High Yield Strategies Fund pass AAOIFI screening?

BNY Mellon High Yield Strategies Fund (DHF) 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% (DHF: 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 BNY Mellon High Yield Strategies 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 BNY Mellon High Yield Strategies Fund (DHF) using the latest financial data.

Where can I screen BNY Mellon High Yield Strategies Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BNY Mellon High Yield Strategies Fund (DHF) 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 DHF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

DHF: Is BNY Mellon High Yield Strategies Fund Halal?

BNY Mellon High Yield Strategies Fund

NYSEFinancial ServicesUS

$2.38

+1.71%

Market Cap: 173.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BNY Mellon High Yield Strategies Fund (DHF) halal? Not Halal. Based on AAOIFI screening, BNY Mellon High Yield Strategies 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.

98.3% of 5.0% limit

98% of the basket's holdings were screened individually.

About BNY Mellon High Yield Strategies Fund

Managed by BNY Mellon Investment Adviser, Inc., the BNY Mellon High Yield Strategies Fund operates as a closed-end mutual fund focused on fixed income investments. Its strategy involves allocating capital primarily within the United States' fixed income markets. The fund predominantly invests in debt securities of below investment-grade quality, particularly those issued by nascent companies or businesses with highly leveraged financial structures. For performance evaluation, it benchmarks against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. This U.S.-domiciled fund, established on April 29, 1998, was formerly known as the Dreyfus High Yield Strategies Fund.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (98.3%)

Basket Composition

98% 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.

98%

Halal0%

Doubtful0%

Not Halal98%

Unknown2%

Top Holdings

Dreyfus Institutional Preferred Money Market FundsNot Halal3.07%GOAT HOLDCO LLCNot Halal0.92%CROWN POINT CLO 8 LTDNot Halal0.87%1261229 B.C. LTDNot Halal0.81%MERIDIAN ARC HOLDCO LLCNot Halal0.76%SPDR SERIES TRUSTUnknown0.74%ISHARES TRUSTUnknown0.74%CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORPNot Halal0.67%BKV UPSTREAM MIDSTREAM LLCNot Halal0.67%VFH PARENT LLC / VALOR CO-ISSUER INCNot Halal0.66%

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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Frequently Asked Questions

Is BNY Mellon High Yield Strategies Fund (DHF) halal to invest in?

BNY Mellon High Yield Strategies Fund (DHF) 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 BNY Mellon High Yield Strategies Fund get a F compliance rating?

BNY Mellon High Yield Strategies 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 BNY Mellon High Yield Strategies Fund's Shariah verdict?

BNY Mellon High Yield Strategies 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 BNY Mellon High Yield Strategies Fund re-screened for Shariah compliance?

BNY Mellon High Yield Strategies Fund (DHF) 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: Aug 26, 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.