Compliance Status
Not Halal
Screened on Oct 5, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is The Gabelli Convertible and Income Securities Fund Inc. (GCV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, The Gabelli Convertible and Income Securities 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 The Gabelli Convertible and Income Securities Fund Inc. (GCV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/GCV
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.
GCV: Is The Gabelli Convertible and Income Securities Fund Inc. Halal?
The Gabelli Convertible and Income Securities Fund Inc.
$4.11
Market Cap: 82.8M
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About The Gabelli Convertible and Income Securities Fund Inc.
The Gabelli Convertible and Income Securities Fund Inc., identified by the symbol GCV, functions as a balanced, closed-end mutual fund, initially launched by GAMCO Investors, Inc. Its operations are managed by Gabelli Funds, LLC. This fund strategically invests in both public equity and fixed-income markets. Its investment objective is to acquire shares in companies spanning a diverse array of sectors, with a primary emphasis on convertible securities, complemented by other debt and equity holdings. To evaluate its performance, the fund's portfolio is benchmarked against the Standard & Poor's 500 Index, the Barclays Government/Credit Bond Index, and the Lipper Convertible Securities Fund Average. The fund was previously known as Gabelli Convertible Securities Fund Inc. Established on December 19, 1988, it is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why GCV 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% (90.5%)
Basket Composition
99% 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.