What is Nuveen Real Asset Income and Growth Fund's Shariah compliance score?

Nuveen Real Asset Income and Growth Fund's (JRI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Real Asset Income and Growth Fund pass AAOIFI screening?

Nuveen Real Asset Income and Growth Fund (JRI) 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% (JRI: 0.0%), (3) interest-bearing deposits below 30% (JRI: 0.0%), and (4) prohibited income below 5% (JRI: 87.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Real Asset Income and Growth Fund stock?

Nuveen Real Asset Income and Growth Fund (JRI) has a non-permissible income ratio of 87.81%. Muslim investors should purify this percentage of any dividends received and capital gains realized from JRI 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 Nuveen Real Asset Income and Growth Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Real Asset Income and Growth Fund (JRI) 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 JRI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

JRI: Is Nuveen Real Asset Income and Growth Fund Halal?

Nuveen Real Asset Income and Growth Fund

NYSEFinancial ServicesUS

$12.78

-0.16%

Market Cap: 350.8M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Real Asset Income and Growth Fund (JRI) halal? Not Halal. Based on AAOIFI screening, Nuveen Real Asset Income and Growth 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.

98.6% of 5.0% limit

60% of the basket's holdings were screened individually.

About Nuveen Real Asset Income and Growth Fund

The Nuveen Real Asset Income and Growth Fund is a closed-ended, balanced mutual fund, initially launched by Nuveen Investments, Inc. Its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund strategically invests in global public equity markets, including depository receipts and a particular emphasis on companies within the real estate sector. For its fixed income allocation, the fund targets securities with an 'investment grade quality' profile, accepting ratings as low as BB+/Ba1 or even lower. This fund, domiciled in the United States, was established on April 25, 2012.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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% (98.6%)

Basket Composition

60% 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.

99%

Halal1%

Doubtful0%

Not Halal99%

Unknown0%

Top Holdings

STATE STREET BANK AND TRUST COMPANYNot Halal3.14%ENBEnbridge IncNot Halal3.01%ETEnergy Transfer LPNot Halal2.32%AMHAmerican Homes 4 RentNot Halal2.20%Engie SAUnknown1.91%Grupo Aeroportuario del Centro Norte SAB de CVUnknown1.70%EVRGEvergy IncNot Halal1.67%Enel SpAUnknown1.65%SOSouthern Co/TheNot Halal1.63%CUBECubeSmartNot Halal1.53%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above

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

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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen Real Asset Income and Growth Fund (JRI) halal to invest in?

Nuveen Real Asset Income and Growth Fund (JRI) 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 Real Asset Income and Growth Fund get a F compliance rating?

Nuveen Real Asset Income and Growth 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 Real Asset Income and Growth Fund's Shariah verdict?

Nuveen Real Asset Income and Growth 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 Real Asset Income and Growth Fund re-screened for Shariah compliance?

Nuveen Real Asset Income and Growth Fund (JRI) 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 17, 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.