Does Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund pass AAOIFI screening?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) 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% (ETW: 0.0%), (3) interest-bearing deposits below 30% (ETW: 0.0%), and (4) prohibited income below 5% (ETW: 4.6%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund stock?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a non-permissible income ratio of 4.60%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ETW shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

ETW: Is Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Halal?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

NYSEFinancial ServicesUS

$9.35

+1.30%

Market Cap: 1.0B

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Tax-Managed Global Buy-Write Opportunities 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.

20.5% of 5.0% limit

83% of the basket's holdings were screened individually.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is structured as a closed-end equity investment vehicle. Its primary management responsibilities lie with Eaton Vance Management, with supplemental oversight from Parametric Portfolio Associates LLC. This fund allocates capital to publicly traded companies across international stock markets, seeking diversification across numerous industry sectors. A core aspect of its investment approach involves selling call options on various U.S. and foreign indices, covering a significant portion of its common stock assets. Established on September 30, 2005, and domiciled within the United States, the fund assesses its performance against several benchmarks, including the S&P 500 Index, the CBOE S&P 500 BuyWrite Index, the CBOE NASDAQ-100 BuyWrite Index, and the FTSE Eurotop 100 Index.

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 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% (20.5%)

Basket Composition

83% 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.

57%

20%

17%

Halal57%

Doubtful6%

Not Halal20%

Unknown17%

Top Holdings

NVDANVIDIA CorpHalal4.84%AAPLApple IncHalal4.43%MSFTMicrosoft CorpHalal3.30%ASMLASML Holding NVHalal2.61%AMZNAmazon.com IncHalal2.51%GOOGLAlphabet IncHalal2.00%AVGOBroadcom IncHalal1.93%ALIZYAllianz SENot Halal1.84%SIEGYSiemens AGDoubtful1.68%GOOGLAlphabet IncHalal1.59%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

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 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) halal to invest in?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) 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 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund get a F compliance rating?

Eaton Vance Tax-Managed Global Buy-Write Opportunities 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 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund's Shariah verdict?

Eaton Vance Tax-Managed Global Buy-Write Opportunities 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 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund re-screened for Shariah compliance?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) 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: Jul 14, 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.