ETJ: Is Eaton Vance Risk-Managed Diversified Equity Income Fund Halal?
Eaton Vance Risk-Managed Diversified Equity Income Fund
$8.39
+0.24%
Market Cap: 564.7M
Compliance Status
Not Halal
Screened on Jul 18, 2026 · AAOIFI Standard 21
Non-Compliant
Is Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Risk-Managed Diversified Equity Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
About Eaton Vance Risk-Managed Diversified Equity Income Fund
This closed-end equity mutual fund, overseen by Eaton Vance Management, primarily targets U.S. public equity markets. While its core holdings consist of common stocks diversified across various sectors, the fund also employs a sophisticated options strategy for risk management. This involves acquiring short-dated, out-of-the-money S&P 500 index put options and concurrently selling out-of-the-money S&P 500 index call options that share the same term as the purchased put options. The expiration dates for these option positions are strategically staggered across the portfolio. For performance comparison, the fund measures its returns against both the S&P 500 Index and the Barclays U.S. Aggregate Bond Index. Established in the United States on July 31, 2007, the fund is domestically based.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (10.2%)
Basket Composition
98% 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.
Compliance History
Not Halalnow
since Jul 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Track ETJ and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Frequently Asked Questions
Is Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) halal to invest in?
Why did Eaton Vance Risk-Managed Diversified Equity Income Fund get a F compliance rating?
What could change Eaton Vance Risk-Managed Diversified Equity Income Fund's Shariah verdict?
How often is Eaton Vance Risk-Managed Diversified Equity Income Fund re-screened for Shariah compliance?
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.