Does Eaton Vance Short Duration Diversified Income Fund pass AAOIFI screening?

Eaton Vance Short Duration Diversified Income Fund (EVG) 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% (EVG: 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 Eaton Vance Short Duration Diversified 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 Eaton Vance Short Duration Diversified Income Fund (EVG) using the latest financial data.

Where can I screen Eaton Vance Short Duration Diversified Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eaton Vance Short Duration Diversified Income Fund (EVG) 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 EVG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EVG: Is Eaton Vance Short Duration Diversified Income Fund Halal?

Eaton Vance Short Duration Diversified Income Fund

NYSEFinancial ServicesUS

$10.69

+1.33%

Market Cap: 143.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eaton Vance Short Duration Diversified Income Fund (EVG) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Short Duration Diversified 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.

99.1% of 5.0% limit

99% of the basket's holdings were screened individually.

About Eaton Vance Short Duration Diversified Income Fund

Managed by Eaton Vance Management, this closed-end mutual fund focuses on diversified fixed-income opportunities. It primarily allocates capital within the U.S. fixed income market, constructing its portfolio with a focus on senior, secured floating-rate loans, foreign-currency denominated bank deposits, debt obligations from international governments and corporations, and mortgage-backed securities. The fund diversifies its fixed income holdings across numerous economic sectors. The underlying fixed income assets typically feature an average duration of 1.76 years and an average credit quality of at least BBB-. Performance is measured against the S&P/LSTA Leveraged Loan Index. Formed in the United States on February 28, 2005, the fund was formerly designated as the Eaton Vance Low Duration Diversified Income Fund.

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% (99.1%)

Basket Composition

99% 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.

99%

Halal0%

Doubtful0%

Not Halal99%

Unknown1%

Top Holdings

MSMorgan Stanley & Co. LLCNot Halal4.79%UMBS, TBANot Halal3.32%UMBS, TBANot Halal2.81%UMBS, TBANot Halal1.22%COMM Mortgage TrustNot Halal1.16%Government National Mortgage AssociationNot Halal1.15%Freddie MacNot Halal1.14%Voya CLO LtdNot Halal1.03%Champs TrustNot Halal0.87%Freddie MacNot Halal0.87%

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 Short Duration Diversified Income Fund (EVG) halal to invest in?

Eaton Vance Short Duration Diversified Income Fund (EVG) 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 Short Duration Diversified Income Fund get a F compliance rating?

Eaton Vance Short Duration Diversified 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 Eaton Vance Short Duration Diversified Income Fund's Shariah verdict?

Eaton Vance Short Duration Diversified 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 Eaton Vance Short Duration Diversified Income Fund re-screened for Shariah compliance?

Eaton Vance Short Duration Diversified Income Fund (EVG) 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.