Compliance Status
Not Halal
Screened on Oct 16, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Dow 30 Dynamic Overwrite 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 Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/DIAX
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
DIAX: Is Nuveen Dow 30 Dynamic Overwrite Fund Halal?
Nuveen Dow 30 Dynamic Overwrite Fund
$14.10
Market Cap: 512.8M
Get an email if DIAX's halal status changes
We re-screen Nuveen Dow 30 Dynamic Overwrite Fund daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why DIAX 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% (35.2%)
Basket Composition
100% 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 Sep 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:
More Financial Services Stocks
Know the day DIAX's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) halal to invest in?
Why did Nuveen Dow 30 Dynamic Overwrite Fund get a F compliance rating?
What could change Nuveen Dow 30 Dynamic Overwrite Fund's Shariah verdict?
How often is Nuveen Dow 30 Dynamic Overwrite Fund re-screened for Shariah compliance?
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.