What is Japan Smaller Capitalization Fund, Inc.'s Shariah compliance score?

Japan Smaller Capitalization Fund, Inc. (JOF) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Japan Smaller Capitalization Fund, Inc. pass AAOIFI screening?

Japan Smaller Capitalization Fund, Inc. (JOF) 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% (JOF: 0.0%), (3) interest-bearing deposits below 30% (JOF: 0.0%), and (4) prohibited income below 5% (JOF: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Japan Smaller Capitalization Fund, Inc. stock?

Japan Smaller Capitalization Fund, Inc. (JOF) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from JOF 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 Japan Smaller Capitalization Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Japan Smaller Capitalization Fund, Inc. (JOF) 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 JOF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

JOF: Is Japan Smaller Capitalization Fund, Inc. Halal?

Japan Smaller Capitalization Fund, Inc.

NYSEFinancial ServicesJP

$11.43

-1.21%

Market Cap: 323.9M

About Japan Smaller Capitalization Fund, Inc.

Japan Smaller Capitalization Fund, Inc. is a closed-ended equity mutual fund launched by Nomura Asset Management U.S.A. Inc. It is managed by Nomura Asset Management Co., Ltd. The fund invests in the public equity markets of Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and other indices. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small cap companies. The fund benchmarks the performance of its portfolio against the The Russell/Nomura Small Cap Index. It was formerly known as Japan OTC Equity Fund, Inc. Japan Smaller Capitalization Fund, Inc. was formed on March 22, 1990 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Basket Composition

0% 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.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Top Holdings

SAKATA INX CORP /JPY/Unknown5.61%DAISHI HOKUETSU FINANCIA /JPY/Unknown3.78%CITIZEN WATCH CO LTD /JPY/Unknown3.50%MUSASHINO BANK LTD/THE /JPY/Unknown2.94%YONDENKO CORP /JPY/Unknown2.71%THK CO LTD /JPY/Unknown2.33%RYODEN CORP /JPY/Unknown2.28%TEKSCEND PHOTOMASK CORP /JPY/Unknown2.28%ASIA PILE HOLDINGS CORP /JPY/Unknown2.27%NIPPON SEIKI CO LTD /JPY/Unknown1.88%

Compliance History

Under Review, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Japan Smaller Capitalization Fund, Inc. (JOF) halal to invest in?

Japan Smaller Capitalization Fund, Inc. (JOF) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Japan Smaller Capitalization Fund, Inc. get a C+ compliance rating?

Japan Smaller Capitalization Fund, 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 Japan Smaller Capitalization Fund, Inc.'s Shariah verdict?

Japan Smaller Capitalization Fund, 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 Japan Smaller Capitalization Fund, Inc. re-screened for Shariah compliance?

Japan Smaller Capitalization Fund, Inc. (JOF) 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 20, 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.