What is The Gabelli Global Utility & Income Trust's Shariah compliance score?

The Gabelli Global Utility & Income Trust's (GLU) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Gabelli Global Utility & Income Trust pass AAOIFI screening?

The Gabelli Global Utility & Income Trust (GLU) 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% (GLU: 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 Global Utility & Income Trust 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 Global Utility & Income Trust (GLU) using the latest financial data.

Where can I screen The Gabelli Global Utility & Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Gabelli Global Utility & Income Trust (GLU) 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 GLU's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GLU: Is The Gabelli Global Utility & Income Trust Halal?

The Gabelli Global Utility & Income Trust

AMEXFinancial ServicesUS

$19.27

-0.54%

Market Cap: 115.4M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Gabelli Global Utility & Income Trust (GLU) halal? Not Halal. Based on AAOIFI screening, The Gabelli Global Utility & Income Trust 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.

55.4% of 5.0% limit

71% of the basket's holdings were screened individually.

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

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% (55.4%)

Basket Composition

71% 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.

14%

55%

30%

Halal14%

Doubtful1%

Not Halal55%

Unknown30%

Top Holdings

NFGNational Fuel Gas CompanyNot Halal3.68%AEPAmerican Electric Power Co, Inc.Not Halal1.80%Koninklijke KPN N.V.Unknown1.74%Iberdrola, S.A.Unknown1.66%ABBNYABB Ltd.Halal1.42%PORPortland General Electric CompanyNot Halal1.42%AEEAmeren Corp.Not Halal1.30%Commerzbank AGUnknown1.28%TIGOMillicom International Cellular SANot Halal1.28%EMAEmera IncNot Halal1.24%

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:

GLDA+

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SLVA+

iShares Silver Trust

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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is The Gabelli Global Utility & Income Trust (GLU) halal to invest in?

The Gabelli Global Utility & Income Trust (GLU) 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 Global Utility & Income Trust get a F compliance rating?

The Gabelli Global Utility & Income Trust'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 Global Utility & Income Trust's Shariah verdict?

The Gabelli Global Utility & Income Trust'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 Global Utility & Income Trust re-screened for Shariah compliance?

The Gabelli Global Utility & Income Trust (GLU) 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.