What is Western Asset High Income Fund II Inc.'s Shariah compliance score?

Western Asset High Income Fund II Inc.'s (HIX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Western Asset High Income Fund II Inc. pass AAOIFI screening?

Western Asset High Income Fund II Inc. (HIX) 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% (HIX: 0.0%), (3) interest-bearing deposits below 30% (HIX: 0.0%), and (4) prohibited income below 5% (HIX: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Western Asset High Income Fund II Inc. stock?

Western Asset High Income Fund II Inc. (HIX) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HIX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Western Asset High Income Fund II Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Western Asset High Income Fund II Inc. (HIX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HIX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HIX: Is Western Asset High Income Fund II Inc. Halal?

Western Asset High Income Fund II Inc.

NYSEFinancial ServicesUS

$3.96

+0.25%

Market Cap: 356.7M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Western Asset High Income Fund II Inc. (HIX) halal? Not Halal. Based on AAOIFI screening, Western Asset High Income Fund II 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.

143.8% of 5.0% limit

99% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 15, 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% (143.8%)

Basket Composition

99% 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.

144%

Halal0%

Doubtful0%

Not Halal144%

Unknown0%

Top Holdings

CCLCARNIVAL PLCNot Halal2.01%VENTURE GLOBAL LNG INCNot Halal1.92%WESTERN MIDSTREAM OPERATING LPNot Halal1.72%SPRINT CAPITAL CORPNot Halal1.63%FIRST QUANTUM MINERALS LTDNot Halal1.62%MICHAELS COMPANIES INC (THE)Not Halal1.53%PETROBRAS GLOBAL FINANCE BVNot Halal1.49%CONNECT FINCO SARL / CONNECT US FINCO LLCNot Halal1.46%SATSECHOSTAR CORPNot Halal1.46%1261229 B.C. LTDNot Halal1.44%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track HIX and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Western Asset High Income Fund II Inc. (HIX) halal to invest in?

Western Asset High Income Fund II Inc. (HIX) 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 Western Asset High Income Fund II Inc. get a F compliance rating?

Western Asset High Income Fund II 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 Western Asset High Income Fund II Inc.'s Shariah verdict?

Western Asset High Income Fund II 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 Western Asset High Income Fund II Inc. re-screened for Shariah compliance?

Western Asset High Income Fund II Inc. (HIX) 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: Jul 15, 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.