JOFUnder Review
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Japan Smaller Capitalization Fund, Inc.

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

Japan Smaller Capitalization Fund, Inc.

NYSEFinancial ServicesJP

$11.89

Market Cap: 336.5M

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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 21 look-throughUpdated Oct 17, 2026

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Screened according to AAOIFI Standard 21

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?
HalalScreener has not published a verdict on Japan Smaller Capitalization Fund, Inc. (JOF): the fund is under review, and the page above says why. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.
Why did Japan Smaller Capitalization Fund, Inc. get a C+ compliance rating?
Japan Smaller Capitalization Fund, Inc. carries no grade while its verdict is withheld.
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. is re-screened as its published holdings change. Last screened: Oct 17, 2026.

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.