Compliance Status
Not Halal
Screened on Oct 10, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Flaherty & Crumrine Total Return Fund Inc. (FLC) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Flaherty & Crumrine Total Return Fund Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Flaherty & Crumrine Total Return Fund Inc. (FLC) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/FLC
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
91% of the basket's holdings were screened individually.
FLC: Is Flaherty & Crumrine Total Return Fund Inc. Halal?
Flaherty & Crumrine Total Return Fund Inc.
$15.58
Market Cap: 162.9M
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About Flaherty & Crumrine Total Return Fund Inc.
Flaherty & Crumrine Total Return Fund Inc. is a U.S.-domiciled, closed-end balanced mutual fund overseen by Flaherty & Crumrine Incorporated. Formed on August 26, 2003, and previously operating under the name Flaherty & Crumrine/Claymore Total Return Fund, Inc., its investment strategy encompasses both public equity and fixed-income markets within the United States. The fund specifically seeks out common stocks of companies active in the utility and banking industries. A substantial portion of its holdings consists of investment-grade preferred securities, alongside a variety of other income-generating debt instruments. To evaluate its performance, the fund benchmarks against both the Barclays Capital U.S. Aggregate Index and the S&P 500 Index.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why FLC is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (90.8%)
Basket Composition
91% 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.
Top Holdings
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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
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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Frequently Asked Questions
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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.