GJONot HalalF

Compliance Status

Not Halal

Screened on Oct 11, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . (GJO) halal? Not Halal. Based on AAOIFI screening, Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . (GJO) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/GJO

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

N/A

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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

What this means for you

Most scholars advise not holding GJO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

GJO: Is Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . Halal?

Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .

NYSEFinancial ServicesUS

$24.61

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About Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .

Strats Trust Wal Mart Stores Inc. STRT CTF 05-4 is a structured repackaged asset-backed trust security established in November 2005. Operating within the financial services sector, specifically credit services, its primary business involves issuing floating-rate structured certificates. These certificates provide investors with exposure to Wal-Mart Stores, Inc.'s 7.55% notes due 2030 through a repackaged structure. The trust aims to offer a stable, income-oriented fixed-income alternative, known for consistent dividend payouts to its certificate holders. It is listed and actively traded on the New York Stock Exchange under the symbol GJO. The trust regularly makes interest-only distributions to certificate holders, with funds often received from a swap counterparty.

Sector: Financial Services · Industry: Financial - Credit Services

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 11, 2026

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Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Interest-bearing debt security: Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .

Compliance History

Not Halalnow
since Oct 2026
Under Review
until the change above

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$384.58

SLVA+

iShares Silver Trust

$54.78

PSLVA+

Sprott Physical Silver Trust

$19.89

PHYSA+

Sprott Physical Gold Trust

$31.70

CEFA+

Sprott Physical Gold and Silver Trust

$41.67

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Frequently Asked Questions

Is Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . (GJO) halal to invest in?

Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . (GJO) 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 Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . get a F compliance rating?

Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .'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 Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .'s Shariah verdict?

Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 .'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . re-screened for Shariah compliance?

Synthetic Fixed-Income Securities Inc. 4.65% Fltg. Rate STRATS for Wal-Mart Stores Inc. Series 2005-4 . (GJO) 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: Oct 11, 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.