Compliance Status
Not Halal
Screened on Oct 6, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Allspring Multi-Sector Income Fund (ERC) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Allspring Multi-Sector Income Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Allspring Multi-Sector Income Fund (ERC) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/ERC
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
ERC: Is Allspring Multi-Sector Income Fund Halal?
Allspring Multi-Sector Income Fund
$8.58
Market Cap: 240.7M
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About Allspring Multi-Sector Income Fund
The Allspring Multi-Sector Income Fund operates as a closed-end mutual fund, concentrating its investments in fixed-income assets. It was initiated and is primarily overseen by Wells Fargo Funds Management, LLC, with First International Advisors, Inc. and Wells Capital Management Incorporated providing joint management expertise. The fund's strategy involves allocating capital across a diverse range of global debt instruments. Its portfolio is predominantly comprised of a variety of higher-yielding, lower-rated corporate debt, including bank loans, sovereign and corporate debt from international and developing economies, adjustable and fixed-rate mortgage-backed securities, and select investment-grade corporate bonds. This fund was established on June 25, 2003, and maintains its legal domicile in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why ERC is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (99.6%)
Basket Composition
100% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.