Compliance Status
Not Halal
Screened on Oct 11, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is The Gabelli Global Utility & Income Trust (GLU) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, The Gabelli Global Utility & Income Trust 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 Global Utility & Income Trust (GLU) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/GLU
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
68% of the basket's holdings were screened individually.
GLU: Is The Gabelli Global Utility & Income Trust Halal?
The Gabelli Global Utility & Income Trust
$17.52
Market Cap: 105.0M
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About The Gabelli Global Utility & Income Trust
The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends. The fund also invests in income producing securities such as governments. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Global Utility & Income Trust was formed on May 28, 2004 and is based in United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why GLU 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% (54.7%)
Basket Composition
68% 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.