What is Eagle Point Institutional Income Fund's Shariah compliance score?

Eagle Point Institutional Income Fund's (EIIA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Eagle Point Institutional Income Fund pass AAOIFI screening?

Eagle Point Institutional Income Fund (EIIA) 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% (EIIA: 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 Eagle Point Institutional Income 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 Eagle Point Institutional Income Fund (EIIA) using the latest financial data.

Where can I screen Eagle Point Institutional Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eagle Point Institutional Income Fund (EIIA) 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 EIIA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EIIA: Is Eagle Point Institutional Income Fund Halal?

Eagle Point Institutional Income Fund

NYSEFinancial ServicesUS

$25.24

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eagle Point Institutional Income Fund (EIIA) halal? Not Halal. Based on AAOIFI screening, Eagle Point Institutional Income Fund 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.

99.3% of 5.0% limit

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

About Eagle Point Institutional Income Fund

Eagle Point Institutional Income Fund operates as a U.S.-based, closed-end management investment entity. Thomas Philip Majewski assumed the role of Chief Executive Officer for the firm in 2022 and has held it since.

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% (99.3%)

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

Nexus Apex Holdings, LLCNot Halal2.76%Nexus Apex Holdings, LLCNot Halal2.30%RR 33 Ltd.Not Halal2.29%AMMC CLO 30, LimitedNot Halal2.27%CIFC Funding 2025-II, Ltd.Not Halal2.06%CIFC Funding 2023-I, Ltd.Not Halal2.02%ALP CFO 2025, L.P.Not Halal2.01%AMMC CLO 31, LimitedNot Halal1.99%CIFC Funding 2025-V, Ltd.Not Halal1.90%Carlyle US CLO 2021-9 LtdNot Halal1.88%

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 Gold and Silver Trust

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Frequently Asked Questions

Is Eagle Point Institutional Income Fund (EIIA) halal to invest in?

Eagle Point Institutional Income Fund (EIIA) 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 Eagle Point Institutional Income Fund get a F compliance rating?

Eagle Point Institutional Income 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 Eagle Point Institutional Income Fund's Shariah verdict?

Eagle Point Institutional Income 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 Eagle Point Institutional Income Fund re-screened for Shariah compliance?

Eagle Point Institutional Income Fund (EIIA) 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.