What is Allspring Utilities and High Income Fund's Shariah compliance score?

Allspring Utilities and High Income Fund's (ERH) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Allspring Utilities and High Income Fund pass AAOIFI screening?

Allspring Utilities and High Income Fund (ERH) 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% (ERH: 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 Utilities and High 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 Allspring Utilities and High Income Fund (ERH) using the latest financial data.

Where can I screen Allspring Utilities and High Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Allspring Utilities and High Income Fund (ERH) 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 ERH's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ERH: Is Allspring Utilities and High Income Fund Halal?

Allspring Utilities and High Income Fund

AMEXFinancial ServicesUS

$11.58

+0.78%

Market Cap: 102.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Allspring Utilities and High Income Fund (ERH) halal? Not Halal. Based on AAOIFI screening, Allspring Utilities and High 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.

91.1% of 5.0% limit

100% of the basket's holdings were screened individually.

About Allspring Utilities and High Income Fund

The Allspring Utilities and High Income Fund functions as a closed-end, balanced mutual fund, principally managed by Wells Fargo Funds Management LLC. Joint management is also provided by Crow Point Partners, LLC and Wells Capital Management Incorporated. This fund strategically deploys capital in both the public stock and bond markets across the United States. Its equity holdings predominantly comprise shares of utility sector enterprises, such as water, gas, electric, and telecommunications companies, irrespective of their market capitalization. Within its fixed income segment, the fund specifically targets high-yield, non-investment grade debt instruments. Launched on April 28, 2004, the fund is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

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% (91.1%)

Basket Composition

100% 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.

91%

Halal9%

Doubtful0%

Not Halal91%

Unknown0%

Top Holdings

NEENextEra Energy IncNot Halal10.03%CEGConstellation Energy CorpHalal5.62%SOSouthern Co/TheNot Halal4.69%AEPAmerican Electric Power Co IncNot Halal4.20%VSTVistra CorpNot Halal3.77%ETREntergy CorpNot Halal3.66%DUKDuke Energy CorpNot Halal3.49%ATOAtmos Energy CorpNot Halal3.20%SRESempraHalal3.01%XELXcel Energy IncNot Halal2.80%

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+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Frequently Asked Questions

Is Allspring Utilities and High Income Fund (ERH) halal to invest in?

Allspring Utilities and High Income Fund (ERH) 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 Utilities and High Income Fund get a F compliance rating?

Allspring Utilities and High 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 Allspring Utilities and High Income Fund's Shariah verdict?

Allspring Utilities and High 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 Allspring Utilities and High Income Fund re-screened for Shariah compliance?

Allspring Utilities and High Income Fund (ERH) 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.