What is Herzfeld Credit Income Fund, Inc.'s Shariah compliance score?

Herzfeld Credit Income Fund, Inc.'s (HERZ) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Herzfeld Credit Income Fund, Inc. pass AAOIFI screening?

Herzfeld Credit Income Fund, Inc. (HERZ) 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% (HERZ: 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 Herzfeld Credit Income 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 Herzfeld Credit Income Fund, Inc. (HERZ) using the latest financial data.

Where can I screen Herzfeld Credit Income Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Herzfeld Credit Income Fund, Inc. (HERZ) 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 HERZ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HERZ: Is Herzfeld Credit Income Fund, Inc. Halal?

Herzfeld Credit Income Fund, Inc.

NASDAQFinancial ServicesUS

$15.92

+0.44%

Market Cap: 31.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Herzfeld Credit Income Fund, Inc. (HERZ) halal? Not Halal. Based on AAOIFI screening, Herzfeld Credit Income 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.

77.2% of 5.0% limit

77% of the basket's holdings were screened individually.

About Herzfeld Credit Income Fund, Inc.

The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc. The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela. It invests in stocks of companies operating across diversified sectors. The Herzfeld Caribbean Basin Fund Inc. was formed on March 10, 1992 and 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% (77.2%)

Basket Composition

77% 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.

77%

23%

Halal0%

Doubtful0%

Not Halal77%

Unknown23%

Top Holdings

First American Funds Inc.Not Halal11.91%EICEagle Point Income Company IncNot Halal8.97%FSSLFS Specialty Lending FundNot Halal8.61%N/ANot Halal6.65%Pimco Dynamic Income FdUnknown6.51%N/AUnknown6.26%FSCOFS Credit Opportunities CorpNot Halal5.50%OXLCOxford Lane Capital CorpNot Halal5.35%GOFGuggenheim Strategic Opportunities FundNot Halal4.03%PDXPIMCO Dynamic Income Strategy FundNot Halal3.33%

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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SPDR Gold Shares

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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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Frequently Asked Questions

Is Herzfeld Credit Income Fund, Inc. (HERZ) halal to invest in?

Herzfeld Credit Income Fund, Inc. (HERZ) 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 Herzfeld Credit Income Fund, Inc. get a F compliance rating?

Herzfeld Credit Income 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 Herzfeld Credit Income Fund, Inc.'s Shariah verdict?

Herzfeld Credit Income 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 Herzfeld Credit Income Fund, Inc. re-screened for Shariah compliance?

Herzfeld Credit Income Fund, Inc. (HERZ) 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.