LGI: Is Lazard Global Total Return and Income Fund, Inc. Halal?
Lazard Global Total Return and Income Fund, Inc.
$18.65
+0.38%
Market Cap: 242.7M
Compliance Status
Not Halal
Screened on Aug 26, 2026 · AAOIFI Standard 21
Non-Compliant
Is Lazard Global Total Return and Income Fund, Inc. (LGI) halal? Not Halal. Based on AAOIFI screening, Lazard Global Total Return and Income Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
82% of the basket's holdings were screened individually.
About Lazard Global Total Return and Income Fund, Inc.
Managed by Lazard Asset Management LLC, the Lazard Global Total Return and Income Fund, Inc. operates as a closed-end, balanced mutual fund. Its investment mandate spans public equity and fixed income securities across global markets. A significant portion of its equity holdings consists of shares from large-capitalization companies, specifically those exceeding a $5 billion market value. For its fixed income allocation, the fund targets short-duration market forward currency contracts and various other market-based debt instruments. Portfolio construction relies on a combination of its global equity and emerging income strategies, employing fundamental analysis and a bottom-up stock-picking methodology. In evaluating individual securities, the management team assesses numerous criteria, including a company's financial health, cash flow generation, balance sheet robustness, return consistency, management caliber, competitive standing, susceptibility to economic and market fluctuations, profit margins, sales trajectories, brand recognition, geographic exposure, and the broader macroeconomic climate. Its portfolio performance is measured against the MSCI World Index. Established on January 27, 2004, the Lazard Global Total Return and Income Fund, Inc. is based in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (25.3%)
Basket Composition
82% 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
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
Is Lazard Global Total Return and Income Fund, Inc. (LGI) halal to invest in?
Why did Lazard Global Total Return and Income Fund, Inc. get a F compliance rating?
What could change Lazard Global Total Return and Income Fund, Inc.'s Shariah verdict?
How often is Lazard Global Total Return and Income Fund, Inc. re-screened for Shariah compliance?
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.