Does NYLI CBRE Global Infrastructure Megatrends Term Fund pass AAOIFI screening?

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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% (MEGI: 0.0%), (3) interest-bearing deposits below 30% (MEGI: 0.0%), and (4) prohibited income below 5% (MEGI: 2.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for NYLI CBRE Global Infrastructure Megatrends Term Fund stock?

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) has a non-permissible income ratio of 2.18%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MEGI 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 NYLI CBRE Global Infrastructure Megatrends Term Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 MEGI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MEGI: Is NYLI CBRE Global Infrastructure Megatrends Term Fund Halal?

NYLI CBRE Global Infrastructure Megatrends Term Fund

NYSEFinancial ServicesUS

$15.25

+0.93%

Market Cap: 793.7M

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) halal? Not Halal. Based on AAOIFI screening, NYLI CBRE Global Infrastructure Megatrends Term 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.

61.8% of 5.0% limit

51% of the basket's holdings were screened individually.

About NYLI CBRE Global Infrastructure Megatrends Term Fund

The NYLI CBRE Global Infrastructure Megatrends Term Fund has its main operations located in New York, New York.

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 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% (61.8%)

Basket Composition

51% 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.

12%

62%

26%

Halal12%

Doubtful0%

Not Halal62%

Unknown26%

Top Holdings

XELXcel Energy, Inc.Not Halal5.74%Vinci SAUnknown4.92%PEGPublic Service Enterprise Group, Inc.Not Halal4.44%AESAES Corp. (The)Not Halal4.44%ENBEnbridge, Inc.Not Halal4.25%PPLPPL Corp.Not Halal4.19%CEGConstellation Energy Corp.Halal4.15%Atlas Arteria Ltd.Unknown4.13%CNICanadian National Railway Co.Halal3.98%Guangdong Investment Ltd.Unknown3.90%

Compliance History

Not Halalnow
since Jun 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:

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Frequently Asked Questions

Is NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) halal to invest in?

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 NYLI CBRE Global Infrastructure Megatrends Term Fund get a F compliance rating?

NYLI CBRE Global Infrastructure Megatrends Term 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 NYLI CBRE Global Infrastructure Megatrends Term Fund's Shariah verdict?

NYLI CBRE Global Infrastructure Megatrends Term 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 NYLI CBRE Global Infrastructure Megatrends Term Fund re-screened for Shariah compliance?

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 13, 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.