What is The Gabelli Healthcare & Wellness Trust's Shariah compliance score?

The Gabelli Healthcare & Wellness Trust's (GRX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Gabelli Healthcare & Wellness Trust pass AAOIFI screening?

The Gabelli Healthcare & Wellness Trust (GRX) 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% (GRX: 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 Healthcare & Wellness 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 Healthcare & Wellness Trust (GRX) using the latest financial data.

Where can I screen The Gabelli Healthcare & Wellness Trust for Shariah compliance for free?

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

GRX: Is The Gabelli Healthcare & Wellness Trust Halal?

The Gabelli Healthcare & Wellness Trust

NYSEFinancial ServicesUS

$10.17

+0.20%

Market Cap: 150.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Gabelli Healthcare & Wellness Trust (GRX) halal? Not Halal. Based on AAOIFI screening, The Gabelli Healthcare & Wellness 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.

55.8% of 5.0% limit

93% of the basket's holdings were screened individually.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust operates as a closed-ended equity fund, originally established by GAMCO Investors, Inc. Gabelli Funds, LLC serves as its investment manager. This fund's mandate is to invest globally in public equities, with a predominant focus on companies operating within the healthcare and wellness sectors. It considers businesses irrespective of their market capitalization, investing across the full spectrum. To gauge its performance, the Trust benchmarks its portfolio against the S&P 500 Index, the S&P 500 Consumer Staples Index, and the S&P 500 Health Care Index. Formed on February 20, 2007, The Gabelli Healthcare & Wellness Trust is domiciled in the 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% (55.8%)

Basket Composition

93% 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.

33%

56%

Halal33%

Doubtful4%

Not Halal56%

Unknown7%

Top Holdings

United States Treasury BillsNot Halal6.09%United States Treasury BillsNot Halal4.91%United States Treasury BillsNot Halal3.47%United States Treasury BillsNot Halal2.73%United States Treasury BillsNot Halal2.69%United States Treasury BillsNot Halal2.68%United States Treasury BillsNot Halal2.45%United States Treasury BillsNot Halal2.45%MRKMerck & Co., IncHalal2.29%ABBVAbbVie Inc.Halal2.26%

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+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

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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BAC

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Free · No credit card required

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Frequently Asked Questions

Is The Gabelli Healthcare & Wellness Trust (GRX) halal to invest in?

The Gabelli Healthcare & Wellness Trust (GRX) 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 Healthcare & Wellness Trust get a F compliance rating?

The Gabelli Healthcare & Wellness 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 Healthcare & Wellness Trust's Shariah verdict?

The Gabelli Healthcare & Wellness 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 Healthcare & Wellness Trust re-screened for Shariah compliance?

The Gabelli Healthcare & Wellness Trust (GRX) 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.