Does Angel Oak Financial Strategies Income Term Trust pass AAOIFI look-through screening?

Angel Oak Financial Strategies Income Term Trust (FINS) does not pass AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

How much purification is needed for Angel Oak Financial Strategies Income Term Trust?

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 percentage and amount for Angel Oak Financial Strategies Income Term Trust (FINS) using the latest financial data.

Where can I screen Angel Oak Financial Strategies Income Term Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Angel Oak Financial Strategies Income Term Trust (FINS) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

FINSNot HalalF

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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is Angel Oak Financial Strategies Income Term Trust (FINS) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Angel Oak Financial Strategies Income Term Trust 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 Angel Oak Financial Strategies Income Term Trust (FINS) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/FINS

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

97.4% of 5.0% limit

97% of the basket's holdings were screened individually.

FINS: Is Angel Oak Financial Strategies Income Term Trust Halal?

Angel Oak Financial Strategies Income Term Trust

NYSEFinancial ServicesUS

$11.93

Market Cap: 298.9M

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About Angel Oak Financial Strategies Income Term Trust

The Angel Oak Financial Strategies Income Term Trust operates as a closed-end investment vehicle, with a primary objective of delivering current income and a secondary focus on achieving overall capital appreciation. This Trust employs an investment methodology predominantly centered on debt instruments within the banking sector, a strategy historically known for its limited correlation with other market areas. Established on June 14, 2018, its principal office is located in Atlanta, Georgia.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 18, 2026

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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% (97.4%)

Basket Composition

97% 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.

97%

Halal0%

Doubtful0%

Not Halal97%

Unknown3%

Top Holdings

CLEAR BLUE FIN HLDGSNot Halal1.43%HBANHUNTINGTON BANCSHARESNot Halal1.38%PINNACLE BANK TNNot Halal1.30%TRINITAS CAPITAL MGMTNot Halal1.21%FINANCIAL INSTITUTIONS INot Halal1.16%SIMMONS FIRST NTL CORPNot Halal1.15%US BANCORPNot Halal1.15%WBSWEBSTER FINANCIAL CORPNot Halal1.07%First American Government ObliNot Halal1.06%MSMORGAN STANLEYNot Halal1.00%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Jul 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 fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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$382.01

SLVA+

iShares Silver Trust

$51.51

PSLVA+

Sprott Physical Silver Trust

$18.48

PHYSA+

Sprott Physical Gold Trust

$31.50

CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is Angel Oak Financial Strategies Income Term Trust (FINS) halal to invest in?

Angel Oak Financial Strategies Income Term Trust (FINS) is rated Not Halal by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did Angel Oak Financial Strategies Income Term Trust get a F compliance rating?

Angel Oak Financial Strategies Income Term Trust's grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

What could change Angel Oak Financial Strategies Income Term Trust's Shariah verdict?

Angel Oak Financial Strategies Income Term Trust'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 Angel Oak Financial Strategies Income Term Trust re-screened for Shariah compliance?

Angel Oak Financial Strategies Income Term Trust is re-screened as its published holdings change. Last screened: Oct 18, 2026.

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.