Compliance Status
Not Halal
Screened on Oct 10, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Allspring Utilities and High Income Fund (ERH) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Allspring Utilities and High 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 Utilities and High Income Fund (ERH) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/ERH
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.
ERH: Is Allspring Utilities and High Income Fund Halal?
Allspring Utilities and High Income Fund
$10.60
Market Cap: 93.6M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why ERH 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% (94.1%)
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.