EXG: Is Eaton Vance Tax-Managed Global Diversified Equity Income Fund Halal?
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
$9.59
+0.31%
Market Cap: 2.9B
Compliance Status
Not Halal
Screened on Jul 16, 2026 · AAOIFI Standard 21
Non-Compliant
Is Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Tax-Managed Global 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.
82% of the basket's holdings were screened individually.
About Eaton Vance Tax-Managed Global Diversified Equity Income Fund
The Eaton Vance Tax-Managed Global Diversified Equity Income Fund operates as a closed-end equity mutual fund, both established and overseen by Eaton Vance Management. This fund's investment mandate involves allocating capital to publicly traded companies across international markets, with a deliberate emphasis on diversifying its holdings across a wide array of economic sectors. A core component of its strategy is to primarily invest in stocks of companies that distribute dividends. Additionally, the fund strategically incorporates derivative instruments, specifically generating income by writing call options on a segment of its common stock portfolio, linked to various U.S. and foreign market indices. For evaluating its performance, the fund benchmarks itself against the MSCI World Index. The Eaton Vance Tax-Managed Global Diversified Equity Income Fund officially began operations on February 27, 2007, and is domiciled in the United States.
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% (15.8%)
Basket Composition
82% 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 Jun 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:
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Frequently Asked Questions
Is Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) halal to invest in?
Why did Eaton Vance Tax-Managed Global Diversified Equity Income Fund get a F compliance rating?
What could change Eaton Vance Tax-Managed Global Diversified Equity Income Fund's Shariah verdict?
How often is Eaton Vance Tax-Managed Global 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.