Does ClearBridge Energy Midstream Opportunity Fund Inc pass AAOIFI screening?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) 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% (EMO: 0.0%), (3) interest-bearing deposits below 30% (EMO: 0.0%), and (4) prohibited income below 5% (EMO: 4.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ClearBridge Energy Midstream Opportunity Fund Inc stock?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) has a non-permissible income ratio of 4.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EMO 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 ClearBridge Energy Midstream Opportunity Fund Inc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ClearBridge Energy Midstream Opportunity Fund Inc (EMO) 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 EMO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EMO: Is ClearBridge Energy Midstream Opportunity Fund Inc Halal?

ClearBridge Energy Midstream Opportunity Fund Inc

NYSEFinancial ServicesUS

$50.14

+0.50%

Market Cap: 1.0B

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ClearBridge Energy Midstream Opportunity Fund Inc (EMO) halal? Not Halal. Based on AAOIFI screening, ClearBridge Energy Midstream Opportunity 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.

96.7% of 5.0% limit

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

About ClearBridge Energy Midstream Opportunity Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc. is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs with operations in crude oil, natural gas liquids, and refined products infrastructure. It seeks to invest in companies with long-lived assets, predictable cash flows, and relatively low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Opportunity Fund Inc. was formed on April 5, 2011 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 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% (96.7%)

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.

26%

97%

Halal8%

Doubtful26%

Not Halal97%

Unknown0%

Top Holdings

TRGPTARGA RESOURCES CORPDoubtful14.81%ETEnergy Transfer LPNot Halal11.62%WMBWilliams Companies Inc. (The)Doubtful10.85%MPLXMPLX LPNot Halal10.14%KMIKinder Morgan, Inc.Not Halal8.76%OKEONEOK INCNot Halal8.59%WESWestern Midstream Partners LPNot Halal8.58%EPDEnterprise Products Partners L.P.Not Halal7.60%ENBEnbridge Inc.Not Halal6.79%AMAntero Midstream CorporationNot Halal6.57%

Compliance History

Not Halalnow
since Jun 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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PHYSA+

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Free · No credit card required

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Frequently Asked Questions

Is ClearBridge Energy Midstream Opportunity Fund Inc (EMO) halal to invest in?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) 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 ClearBridge Energy Midstream Opportunity Fund Inc get a F compliance rating?

ClearBridge Energy Midstream Opportunity 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 ClearBridge Energy Midstream Opportunity Fund Inc's Shariah verdict?

ClearBridge Energy Midstream Opportunity 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 ClearBridge Energy Midstream Opportunity Fund Inc re-screened for Shariah compliance?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) 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 13, 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.