Does The Gabelli Convertible and Income Securities Fund Inc. pass AAOIFI screening?

The Gabelli Convertible and Income Securities Fund Inc. (GCV) 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% (GCV: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for The Gabelli Convertible and Income Securities Fund Inc. stock?

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 exact percentage and amount for The Gabelli Convertible and Income Securities Fund Inc. (GCV) using the latest financial data.

Where can I screen The Gabelli Convertible and Income Securities Fund Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Gabelli Convertible and Income Securities Fund Inc. (GCV) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GCV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GCV: Is The Gabelli Convertible and Income Securities Fund Inc. Halal?

The Gabelli Convertible and Income Securities Fund Inc.

NYSEFinancial ServicesUS

$4.62

+0.87%

Market Cap: 93.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Gabelli Convertible and Income Securities Fund Inc. (GCV) halal? Not Halal. Based on AAOIFI screening, The Gabelli Convertible and Income Securities Fund Inc. 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.

96.2% of 5.0% limit

100% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Aug 26, 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% (96.2%)

Basket Composition

100% 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.

96%

Halal3%

Doubtful0%

Not Halal96%

Unknown1%

Top Holdings

FLRFluor CorporationNot Halal2.77%NEENextEra Energy IncNot Halal2.36%NOGNorthern Oil And Gas, Inc.Not Halal2.31%BBIOBridgebio Pharma IncNot Halal2.29%LITELumentum Holdings Inc.Not Halal2.16%CYTKCytokinetics IncNot Halal2.15%FEFirstEnergy Corp.Not Halal1.94%MCHPMicrochip Technology IncorporatedHalal1.92%Digital Realty Trust, L.P.Not Halal1.90%COHUCohu IncNot Halal1.90%

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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Sprott Physical Silver Trust

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Sprott Physical Gold and Silver Trust

$43.28

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Frequently Asked Questions

Is The Gabelli Convertible and Income Securities Fund Inc. (GCV) halal to invest in?

The Gabelli Convertible and Income Securities Fund Inc. (GCV) 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 The Gabelli Convertible and Income Securities Fund Inc. get a F compliance rating?

The Gabelli Convertible and Income Securities Fund Inc.'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 The Gabelli Convertible and Income Securities Fund Inc.'s Shariah verdict?

The Gabelli Convertible and Income Securities 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 The Gabelli Convertible and Income Securities Fund Inc. re-screened for Shariah compliance?

The Gabelli Convertible and Income Securities Fund Inc. (GCV) 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: Aug 26, 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.