Compliance Status
Not Halal
Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Western Asset High Income Fund II Inc. (HIX) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Western Asset High Income Fund II Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Western Asset High Income Fund II Inc. (HIX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/HIX
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
HIX: Is Western Asset High Income Fund II Inc. Halal?
Western Asset High Income Fund II Inc.
$3.51
Market Cap: 316.1M
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About Western Asset High Income Fund II Inc.
Western Asset High Income Fund II Inc. functions as a closed-end mutual fund concentrating on fixed income investments. Legg Mason Partners Fund Advisor, LLC holds primary management responsibility, with additional oversight from Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund's investment strategy involves deploying capital across global fixed income markets, specifically targeting high-yield debt securities. These debt instruments originate from U.S. and foreign corporations, as well as foreign governments, encompassing a wide range of sectors. Portfolio construction is driven by a disciplined process that integrates both quantitative and fundamental analysis, coupled with a bottom-up approach to selecting securities. Its performance is measured against two benchmarks: the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. This U.S.-domiciled fund was established on May 28, 1998.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why HIX 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% (99.7%)
Basket Composition
100% 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 Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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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.