Compliance Status
Not Halal
Screened on Oct 9, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Core Equity Alpha Fund (JCE) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Core Equity Alpha Fund 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 Nuveen Core Equity Alpha Fund (JCE) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/JCE
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.
JCE: Is Nuveen Core Equity Alpha Fund Halal?
Nuveen Core Equity Alpha Fund
$17.17
Market Cap: 289.0M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why JCE 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% (20.5%)
Basket Composition
99% 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 Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 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:
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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.