What is Ellsworth Growth and Income Fund Ltd.'s Shariah compliance score?

Ellsworth Growth and Income Fund Ltd.'s (ECF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Ellsworth Growth and Income Fund Ltd. pass AAOIFI screening?

Ellsworth Growth and Income Fund Ltd. (ECF) 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% (ECF: 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 Ellsworth Growth and Income Fund Ltd. 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 Ellsworth Growth and Income Fund Ltd. (ECF) using the latest financial data.

Where can I screen Ellsworth Growth and Income Fund Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ellsworth Growth and Income Fund Ltd. (ECF) 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 ECF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ECF: Is Ellsworth Growth and Income Fund Ltd. Halal?

Ellsworth Growth and Income Fund Ltd.

AMEXFinancial ServicesUS

$12.47

+0.40%

Market Cap: 170.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Ellsworth Growth and Income Fund Ltd. (ECF) halal? Not Halal. Based on AAOIFI screening, Ellsworth Growth and Income Fund Ltd. 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.

90.8% of 5.0% limit

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

About Ellsworth Growth and Income Fund Ltd.

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index. It was formerly known as Ellsworth Fund Ltd. Ellsworth Growth and Income Fund Ltd. was formed on June 27, 1986 and is domiciled in the United States.

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% (90.8%)

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.

91%

Halal9%

Doubtful0%

Not Halal91%

Unknown0%

Top Holdings

AVGOBroadcom IncHalal2.62%BRIGHTSPRING HEALTH SERVICES INCNot Halal2.11%BBIOBridgebio Pharma IncNot Halal2.10%FLRFluor CorporationNot Halal2.05%EQIXEquinix, Inc.Halal1.94%LITELumentum Holdings Inc.Not Halal1.91%HPEHewlett Packard Enterprise Co.Not Halal1.82%United States Treasury BillsNot Halal1.75%PPL Capital Funding Inc.Not Halal1.74%MCHPMicrochip Technology IncorporatedHalal1.74%

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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SLVA+

iShares Silver Trust

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PSLVA+

Sprott Physical Silver Trust

$21.30

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PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is Ellsworth Growth and Income Fund Ltd. (ECF) halal to invest in?

Ellsworth Growth and Income Fund Ltd. (ECF) 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 Ellsworth Growth and Income Fund Ltd. get a F compliance rating?

Ellsworth Growth and Income Fund Ltd.'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 Ellsworth Growth and Income Fund Ltd.'s Shariah verdict?

Ellsworth Growth and Income Fund Ltd.'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 Ellsworth Growth and Income Fund Ltd. re-screened for Shariah compliance?

Ellsworth Growth and Income Fund Ltd. (ECF) 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.