Does Western Asset Global Corporate Defined Opportunity Fund Inc. pass AAOIFI screening?

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) 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% (GDO: 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 Western Asset Global Corporate Defined Opportunity 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 Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) using the latest financial data.

GDO: Is Western Asset Global Corporate Defined Opportunity Fund Inc. Halal?

Western Asset Global Corporate Defined Opportunity Fund Inc.

NYSEFinancial ServicesUS

$10.17

+0.20%

Market Cap: 76.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) halal? Not Halal. Based on AAOIFI screening, Western Asset Global Corporate Defined Opportunity 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.

99.6% of 5.0% limit

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

About Western Asset Global Corporate Defined Opportunity Fund Inc.

The Western Asset Global Corporate Defined Opportunity Fund Inc. is a U.S.-domiciled, closed-end mutual fund that primarily invests in global fixed income markets. Established on September 17, 2009, its primary management is handled by Legg Mason Partners Fund Advisor, LLC. The fund also benefits from the co-management expertise of several Western Asset Management entities, specifically Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited. This fund strategically allocates capital to high-quality, investment-grade debt securities, constructing its portfolio through rigorous proprietary research. To assess its performance, the fund benchmarks its returns against the Barclays Capital Global Aggregate Corporate Index. It was previously known as Western Asset Global Credit Defined Opportunity Fund Inc.

Sector: Financial Services · Industry: Asset Management - Global

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% (99.6%)

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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

AERCAP IRELAND CAPITAL DACNot Halal2.38%GSGOLDMAN SACHS GROUP INC (THE)Not Halal1.89%FIRST QUANTUM MINERALS LTDNot Halal1.76%SATSECHOSTAR CORPNot Halal1.53%CCITIGROUP INCNot Halal1.52%UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICONot Halal1.40%JP MORGAN CHASE & COMPANYNot Halal1.39%CELLNEX FINANCE COMPANY SAUNot Halal1.19%POLAND, REPUBLIC OF - STATE TREASURYNot Halal1.11%LEGG MASON PARTNERS INSTITUTIONAL TRUSTNot Halal1.09%

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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PHYSA+

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Sprott Physical Gold and Silver Trust

$43.28

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Frequently Asked Questions

Is Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) halal to invest in?

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) 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 Western Asset Global Corporate Defined Opportunity Fund Inc. get a F compliance rating?

Western Asset Global Corporate Defined Opportunity 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 Western Asset Global Corporate Defined Opportunity Fund Inc.'s Shariah verdict?

Western Asset Global Corporate Defined Opportunity 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 Western Asset Global Corporate Defined Opportunity Fund Inc. re-screened for Shariah compliance?

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) 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.