What is DTF Tax-Free Income 2028 Term Fund Inc.'s Shariah compliance score?

DTF Tax-Free Income 2028 Term Fund Inc.'s (DTF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does DTF Tax-Free Income 2028 Term Fund Inc. pass AAOIFI screening?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) 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% (DTF: 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 DTF Tax-Free Income 2028 Term Fund Inc. 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 DTF Tax-Free Income 2028 Term Fund Inc. (DTF) using the latest financial data.

Where can I screen DTF Tax-Free Income 2028 Term Fund Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for DTF Tax-Free Income 2028 Term Fund Inc. (DTF) 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 DTF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

DTF: Is DTF Tax-Free Income 2028 Term Fund Inc. Halal?

DTF Tax-Free Income 2028 Term Fund Inc.

NYSEFinancial ServicesUS

$11.52

-0.09%

Market Cap: 81.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is DTF Tax-Free Income 2028 Term Fund Inc. (DTF) halal? Not Halal. Based on AAOIFI screening, DTF Tax-Free Income 2028 Term Fund Inc. 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.

99.5% of 5.0% limit

99% of the basket's holdings were screened individually.

About DTF Tax-Free Income 2028 Term Fund Inc.

The DTF Tax-Free Income 2028 Term Fund Inc. functions as a closed-end investment company focused on fixed-income assets. It was initiated by Virtus Investment Partners, Inc., and its operations are overseen by Duff & Phelps Investment Management Co. The fund's core investment approach involves constructing a diverse portfolio primarily composed of high-grade, tax-exempt bonds from utility companies. Its holdings encompass a broad range of sectors, including water and sewer infrastructure, electric power providers, prerefunded obligations, pollution control projects, and various non-utility enterprises. All capital is deployed within the U.S. fixed income markets. Established in November 1991 and domiciled in the United States, the fund previously operated under the name DTF Tax-Free Income Inc.

Sector: Financial Services · Industry: Asset Management - Income

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% (99.5%)

Basket Composition

99% 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.

99%

Halal0%

Doubtful0%

Not Halal99%

Unknown1%

Top Holdings

OHIO STNot Halal3.71%NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY (NJ)Not Halal3.33%SEMINOLE COUNTY FLA SALES TAX REVNot Halal2.61%LOUISIANA STNot Halal2.56%ILLINOIS (IL), STATE OFNot Halal2.55%OKLAHOMA ST CAP IMPT AUTHNot Halal2.37%ALACHUA COUNTY HOUSING FINANCE AUTHORITY (FL)Not Halal2.37%MINNESOTA RURAL WTR FIN AUTHNot Halal2.36%OMAHA (NE), CITY OFNot Halal2.33%NORTH TEXAS TOLLWAY AUTHORITY (THE)Not Halal2.10%

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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+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%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track DTF and 6,200+ 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 Free Browse Screener

6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is DTF Tax-Free Income 2028 Term Fund Inc. (DTF) halal to invest in?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) 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 DTF Tax-Free Income 2028 Term Fund Inc. get a F compliance rating?

DTF Tax-Free Income 2028 Term Fund Inc.'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 DTF Tax-Free Income 2028 Term Fund Inc.'s Shariah verdict?

DTF Tax-Free Income 2028 Term Fund Inc.'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 DTF Tax-Free Income 2028 Term Fund Inc. re-screened for Shariah compliance?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) 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.