What is Nuveen Core Equity Alpha Fund's Shariah compliance score?

Nuveen Core Equity Alpha Fund's (JCE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Core Equity Alpha Fund pass AAOIFI screening?

Nuveen Core Equity Alpha Fund (JCE) 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% (JCE: 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 Nuveen Core Equity Alpha Fund 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 Nuveen Core Equity Alpha Fund (JCE) using the latest financial data.

Where can I screen Nuveen Core Equity Alpha Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Core Equity Alpha Fund (JCE) 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 JCE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

JCE: Is Nuveen Core Equity Alpha Fund Halal?

Nuveen Core Equity Alpha Fund

NYSEFinancial ServicesUS

$17.12

+0.41%

Market Cap: 288.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Core Equity Alpha Fund (JCE) halal? Not Halal. Based on AAOIFI screening, Nuveen Core Equity Alpha Fund 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.

22.8% of 5.0% limit

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

About Nuveen Core Equity Alpha Fund

The Nuveen Core Equity Alpha Fund (JCE) is a specialized closed-end equity fund. Orchestrated by Nuveen Investments Inc., its operational oversight is a collaborative effort involving Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It directs its primary investments towards public equities within the United States. Additionally, a portion of its assets may be allocated to derivatives, specifically futures and options. The fund diversifies its holdings across a broad spectrum of industries. A significant emphasis is placed on large-capitalization companies, typically those whose market values align with constituents of the S&P 500 Index. Portfolio construction is guided by a rigorous quantitative analysis methodology. Its performance benchmark is the S&P 500 Index. Established on March 23, 2007, the fund 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% (22.8%)

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.

76%

23%

Halal76%

Doubtful1%

Not Halal23%

Unknown0%

Top Holdings

NVDANVIDIA CorpHalal8.05%AAPLApple IncHalal7.16%MSFTMicrosoft CorpHalal5.41%AMZNAmazon.com IncHalal4.19%AVGOBroadcom IncHalal3.04%GOOGLAlphabet IncHalal3.03%GOOGLAlphabet IncHalal2.94%STATE STREET BANK AND TRUST COMPANYNot Halal2.22%METAMeta Platforms IncHalal1.97%JPMJPMorgan Chase & CoNot Halal1.94%

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%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen Core Equity Alpha Fund (JCE) halal to invest in?

Nuveen Core Equity Alpha Fund (JCE) 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 Nuveen Core Equity Alpha Fund get a F compliance rating?

Nuveen Core Equity Alpha Fund'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 Nuveen Core Equity Alpha Fund's Shariah verdict?

Nuveen Core Equity Alpha Fund'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 Nuveen Core Equity Alpha Fund re-screened for Shariah compliance?

Nuveen Core Equity Alpha Fund (JCE) 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.