What is Aberdeen Government Markets Income Fund's Shariah compliance score?

Aberdeen Government Markets Income Fund's (MGF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Aberdeen Government Markets Income Fund pass AAOIFI screening?

Aberdeen Government Markets Income Fund (MGF) 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% (MGF: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Aberdeen Government Markets Income Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Aberdeen Government Markets Income Fund (MGF) using the latest financial data.

Where can I screen Aberdeen Government Markets Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Aberdeen Government Markets Income Fund (MGF) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MGF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MGF: Is Aberdeen Government Markets Income Fund Halal?

Aberdeen Government Markets Income Fund

NYSEFinancial ServicesUS

$2.83

+0.00%

Market Cap: 92.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Aberdeen Government Markets Income Fund (MGF) halal? Not Halal. Based on AAOIFI screening, Aberdeen Government Markets Income 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.

99.7% of 5.0% limit

100% of the basket's holdings were screened individually.

About Aberdeen Government Markets Income Fund

The MFS Government Markets Income Trust is a closed-end mutual fund managed by Massachusetts Financial Services Company, specializing in fixed-income investments. This trust primarily allocates its capital to the United States' fixed income markets, with a core emphasis on debt instruments considered investment grade. Beyond its primary focus, the fund diversifies its portfolio into a range of other assets. These include various mortgage-backed securities (both general and residential), debt issued by U.S. government agencies, international sovereign bonds, U.S. Treasuries, emerging markets debt, and high-grade corporate bonds. It also maintains holdings in cash and other net assets for liquidity. The performance of the fund's investment portfolio is benchmarked against the Barclays U.S. Government/Mortgage Bond Index. Established on May 28, 1987, the MFS Government Markets Income Trust is domiciled within the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (99.7%)

Basket Composition

100% 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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

United States TreasuryNot Halal7.10%United States TreasuryNot Halal4.35%United States TreasuryNot Halal3.96%United States TreasuryNot Halal3.02%United States TreasuryNot Halal2.75%United States TreasuryNot Halal2.70%United States TreasuryNot Halal2.48%United States TreasuryNot Halal2.30%United States TreasuryNot Halal2.25%United States TreasuryNot Halal1.87%

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

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SLVA+

iShares Silver Trust

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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Frequently Asked Questions

Is Aberdeen Government Markets Income Fund (MGF) halal to invest in?

Aberdeen Government Markets Income Fund (MGF) 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 Aberdeen Government Markets Income Fund get a F compliance rating?

Aberdeen Government Markets Income 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 Aberdeen Government Markets Income Fund's Shariah verdict?

Aberdeen Government Markets Income 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 Aberdeen Government Markets Income Fund re-screened for Shariah compliance?

Aberdeen Government Markets Income Fund (MGF) 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: Aug 26, 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.