What is Eaton Vance Floating-Rate Income Trust's Shariah compliance score?

Eaton Vance Floating-Rate Income Trust's (EFT) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Eaton Vance Floating-Rate Income Trust pass AAOIFI screening?

Eaton Vance Floating-Rate Income Trust (EFT) 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% (EFT: 0.0%), (3) interest-bearing deposits below 30% (EFT: 0.0%), and (4) prohibited income below 5% (EFT: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Eaton Vance Floating-Rate Income Trust stock?

Eaton Vance Floating-Rate Income Trust (EFT) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EFT shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Eaton Vance Floating-Rate Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eaton Vance Floating-Rate Income Trust (EFT) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about EFT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EFT: Is Eaton Vance Floating-Rate Income Trust Halal?

Eaton Vance Floating-Rate Income Trust

NYSEFinancial ServicesUS

$10.78

+0.00%

Market Cap: 286.5M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eaton Vance Floating-Rate Income Trust (EFT) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Floating-Rate Income Trust 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.

151.0% of 5.0% limit

97% of the basket's holdings were screened individually.

About Eaton Vance Floating-Rate Income Trust

Managed by Eaton Vance Management, the Eaton Vance Floating-Rate Income Trust operates as a closed-end investment fund dedicated to fixed-income assets. Its primary investment focus is within the U.S. fixed income markets, specifically concentrating on senior, secured floating-rate loans across diverse sectors. The trust's financial performance is measured against the S&P/LSTA Leveraged Loan Index. It was established and commenced operations on June 29, 2004, and is based in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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% (151.0%)

Basket Composition

97% 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.

151%

Halal0%

Doubtful0%

Not Halal151%

Unknown0%

Top Holdings

MSMorgan Stanley & Co. LLCNot Halal1.72%Virgin Media Bristol LLCNot Halal1.29%Epicor Software CorporationNot Halal1.26%UKG IncNot Halal1.13%Engineered Machinery Holdings IncNot Halal1.08%White Cap Buyer LLCNot Halal1.00%Autokiniton US Holdings IncNot Halal0.99%MALLINCKRODT INT FINANCE S.A.Unknown0.98%EOC Borrower LLCNot Halal0.93%WEC US Holdings LtdNot Halal0.92%

Compliance History

Not Halalnow
since Jul 2026
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:

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Sprott Physical Silver Trust

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PHYSA+

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$31.75

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ABA+

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Free · No credit card required

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Frequently Asked Questions

Is Eaton Vance Floating-Rate Income Trust (EFT) halal to invest in?

Eaton Vance Floating-Rate Income Trust (EFT) 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 Eaton Vance Floating-Rate Income Trust get a F compliance rating?

Eaton Vance Floating-Rate Income Trust'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 Eaton Vance Floating-Rate Income Trust's Shariah verdict?

Eaton Vance Floating-Rate Income Trust'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 Eaton Vance Floating-Rate Income Trust re-screened for Shariah compliance?

Eaton Vance Floating-Rate Income Trust (EFT) 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: Jul 18, 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.