Compliance Status
Not Halal
Screened on Oct 14, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is John Hancock Preferred Income Fund II (HPF) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, John Hancock Preferred Income Fund II 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 John Hancock Preferred Income Fund II (HPF) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/HPF
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
84% of the basket's holdings were screened individually.
HPF: Is John Hancock Preferred Income Fund II Halal?
John Hancock Preferred Income Fund II
$13.10
Market Cap: 283.6M
Get an email if HPF's halal status changes
We re-screen John Hancock Preferred Income Fund II daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
About John Hancock Preferred Income Fund II
John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund II was formed on November 29, 2002 and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why HPF 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% (83.6%)
Basket Composition
84% 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 Aug 2026
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Know the day HPF's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is John Hancock Preferred Income Fund II (HPF) halal to invest in?
Why did John Hancock Preferred Income Fund II get a F compliance rating?
What could change John Hancock Preferred Income Fund II's Shariah verdict?
How often is John Hancock Preferred Income Fund II re-screened for Shariah compliance?
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.