What is Nuveen Dow 30 Dynamic Overwrite Fund's Shariah compliance score?

Nuveen Dow 30 Dynamic Overwrite Fund's (DIAX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Dow 30 Dynamic Overwrite Fund pass AAOIFI screening?

Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) 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% (DIAX: 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 Nuveen Dow 30 Dynamic Overwrite 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 Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) using the latest financial data.

Where can I screen Nuveen Dow 30 Dynamic Overwrite Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) 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 DIAX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

DIAX: Is Nuveen Dow 30 Dynamic Overwrite Fund Halal?

Nuveen Dow 30 Dynamic Overwrite Fund

NYSEFinancial ServicesUS

$14.10

-0.91%

Market Cap: 512.8M

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) halal? Not Halal. Based on AAOIFI screening, Nuveen Dow 30 Dynamic Overwrite Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/DIAX

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

36.6% of 5.0% limit

100% of the basket's holdings were screened individually.

About Nuveen Dow 30 Dynamic Overwrite Fund

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average. The fund was formerly known as Dow 30 Premium & Dividend Income Fund Inc. Nuveen Dow 30 Dynamic Overwrite Fund was formed on April 29, 2005 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 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% (36.6%)

Basket Composition

100% 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.

60%

37%

Halal60%

Doubtful4%

Not Halal37%

Unknown0%

Top Holdings

GSGoldman Sachs Group Inc/TheNot Halal11.02%CATCaterpillar IncHalal7.20%MSFTMicrosoft CorpHalal6.07%AXPAmerican Express CoNot Halal4.65%VVisa IncHalal4.41%HDHome Depot Inc/TheHalal4.32%UNHUnitedHealth Group IncNot Halal4.15%AMGNAmgen IncHalal4.11%SHWSherwin-Williams Co/TheHalal4.07%JPMJPMorgan Chase & CoNot Halal4.05%

Compliance History

Not Halalnow
current status
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

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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JPM

JPMorgan Chase & Co.

Visa Inc.

A+

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 Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) halal to invest in?

Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) 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 Nuveen Dow 30 Dynamic Overwrite Fund get a F compliance rating?

Nuveen Dow 30 Dynamic Overwrite 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 Nuveen Dow 30 Dynamic Overwrite Fund's Shariah verdict?

Nuveen Dow 30 Dynamic Overwrite 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 Nuveen Dow 30 Dynamic Overwrite Fund re-screened for Shariah compliance?

Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) 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: Sep 1, 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.