Compliance Status
Not Halal
Screened on Oct 12, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Lazard Global Total Return and Income Fund, Inc. (LGI) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Lazard Global Total Return and Income Fund, Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Lazard Global Total Return and Income Fund, Inc. (LGI) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/LGI
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
81% of the basket's holdings were screened individually.
LGI: Is Lazard Global Total Return and Income Fund, Inc. Halal?
Lazard Global Total Return and Income Fund, Inc.
$17.10
Market Cap: 222.5M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why LGI 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% (25.3%)
Basket Composition
81% 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.