Does Allspring Global Dividend Opportunity Fund of Benef Interest pass AAOIFI screening?

Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) 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% (EOD: 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 Allspring Global Dividend Opportunity Fund of Benef Interest 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 Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) using the latest financial data.

EOD: Is Allspring Global Dividend Opportunity Fund of Benef Interest Halal?

Allspring Global Dividend Opportunity Fund of Benef Interest

NYSEFinancial ServicesUS

$6.67

+0.00%

Market Cap: 287.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) halal? Not Halal. Based on AAOIFI screening, Allspring Global Dividend Opportunity Fund of Benef Interest 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.

38.7% of 5.0% limit

82% of the basket's holdings were screened individually.

About Allspring Global Dividend Opportunity Fund of Benef Interest

The Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund functions as a closed-ended equity mutual fund that channels investments into publicly traded companies across the globe. While its inception and primary management fall under Wells Fargo Funds Management, LLC, it also benefits from the shared oversight of Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund's portfolio is diversified across various industries, though it places particular importance on opportunities within the utilities, telecommunications, and energy sectors. A central tenet of its investment approach is the acquisition of dividend-paying stocks. This fund, established on March 28, 2007, is based in the United States.

Sector: Financial Services · Industry: Asset Management - Global

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% (38.7%)

Basket Composition

82% 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.

40%

39%

18%

Halal40%

Doubtful3%

Not Halal39%

Unknown18%

Top Holdings

NVDANVIDIA CorpHalal3.96%GOOGLAlphabet IncHalal3.40%AAPLApple IncHalal2.71%MSFTMicrosoft CorpHalal2.37%TSMTaiwan Semiconductor Manufacturing Co LtdHalal2.17%AVGOBroadcom IncHalal2.04%AMZNAmazon.com IncHalal2.01%ALLSPRING GOVERNMENT MONEY MARNot Halal1.81%SSNLFSamsung Electronics Co LtdHalal1.70%CCitigroup IncNot Halal1.52%

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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Frequently Asked Questions

Is Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) halal to invest in?

Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) 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 Allspring Global Dividend Opportunity Fund of Benef Interest get a F compliance rating?

Allspring Global Dividend Opportunity Fund of Benef Interest'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 Allspring Global Dividend Opportunity Fund of Benef Interest's Shariah verdict?

Allspring Global Dividend Opportunity Fund of Benef Interest'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 Allspring Global Dividend Opportunity Fund of Benef Interest re-screened for Shariah compliance?

Allspring Global Dividend Opportunity Fund of Benef Interest (EOD) 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.