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

Angel Oak Financial Strategies Income Term Trust (FINS) 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% (FINS: 0.0%), (3) interest-bearing deposits below 30% (FINS: 0.0%), and (4) prohibited income below 5% (FINS: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

Angel Oak Financial Strategies Income Term Trust (FINS) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FINS shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation 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 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FINS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

Angel Oak Financial Strategies Income Term Trust

NYSEFinancial ServicesUS

$12.63

-0.32%

Market Cap: 316.5M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Angel Oak Financial Strategies Income Term Trust (FINS) halal? Not Halal. Based on AAOIFI screening, Angel Oak Financial Strategies Income Term Trust 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.

129.2% of 5.0% limit

95% of the basket's holdings were screened individually.

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 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% (129.2%)

Basket Composition

95% 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.

129%

Halal0%

Doubtful0%

Not Halal129%

Unknown0%

Top Holdings

CLEAR BLUE FIN HLDGSNot Halal2.08%TRINITAS CAPITAL MGMTNot Halal1.74%FINANCIAL INSTITUTIONS INot Halal1.68%First American Government ObliNot Halal1.67%SIMMONS FIRST NTL CORPNot Halal1.66%BANTERRA BANKNot Halal1.62%UNIVERSAL INSURANCE HLDSNot Halal1.52%MSMORGAN STANLEYNot Halal1.46%MTBM&T BANK CORPORATIONNot Halal1.40%HBANHUNTINGTON BANCSHARESNot Halal1.35%

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 stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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SLVA+

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PHYSA+

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ABA+

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Free · No credit card required

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

Angel Oak Financial Strategies Income Term Trust'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 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 (FINS) 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.