Does BlackRock Floating Rate Income Strategies Fund, Inc. pass AAOIFI look-through screening?

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) 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 BlackRock Floating Rate Income Strategies Fund, Inc.?

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 BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) using the latest financial data.

Where can I screen BlackRock Floating Rate Income Strategies Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) 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.

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Compliance Status

Not Halal

Screened on Oct 16, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, BlackRock Floating Rate Income Strategies Fund, Inc. 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 BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/FRA

Basket rule

Over the limit

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

95.4% of 5.0% limit

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

FRA: Is BlackRock Floating Rate Income Strategies Fund, Inc. Halal?

BlackRock Floating Rate Income Strategies Fund, Inc.

NYSEFinancial ServicesUS

$10.10

Market Cap: 357.9M

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About BlackRock Floating Rate Income Strategies Fund, Inc.

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 16, 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% (95.4%)

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.

95%

Halal0%

Doubtful0%

Not Halal95%

Unknown5%

Top Holdings

Invesco Senior Loan ETFUnknown2.31%State Street Blackstone Senior Loan ETFUnknown1.10%Alliant Holdings Intermediate, LLCNot Halal1.04%HOLXHOLOGIC INCNot Halal0.88%TDGTransDigm IncNot Halal0.85%Allied Universal Holdco LLCNot Halal0.80%BEIGNET INVESTOR LLCNot Halal0.79%Jane Street Group LLCNot Halal0.75%Chobani, LLCNot Halal0.69%Flutter Financing BVNot Halal0.67%

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

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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 Jun 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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PHYSA+

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Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) halal to invest in?

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) 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 BlackRock Floating Rate Income Strategies Fund, Inc. get a F compliance rating?

BlackRock Floating Rate Income Strategies Fund, Inc.'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 BlackRock Floating Rate Income Strategies Fund, Inc.'s Shariah verdict?

BlackRock Floating Rate Income Strategies Fund, Inc.'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 BlackRock Floating Rate Income Strategies Fund, Inc. re-screened for Shariah compliance?

BlackRock Floating Rate Income Strategies Fund, Inc. is re-screened as its published holdings change. Last screened: Oct 16, 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.