What is Virtus Convertible & Income Fund II's Shariah compliance score?

Virtus Convertible & Income Fund II's (NCZ) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Virtus Convertible & Income Fund II pass AAOIFI screening?

Virtus Convertible & Income Fund II (NCZ) 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% (NCZ: 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 Virtus Convertible & Income Fund II 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 Virtus Convertible & Income Fund II (NCZ) using the latest financial data.

Where can I screen Virtus Convertible & Income Fund II for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Virtus Convertible & Income Fund II (NCZ) 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 NCZ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NCZ: Is Virtus Convertible & Income Fund II Halal?

Virtus Convertible & Income Fund II

NYSEFinancial ServicesUS

$15.57

+0.65%

Market Cap: 296.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Virtus Convertible & Income Fund II (NCZ) halal? Not Halal. Based on AAOIFI screening, Virtus Convertible & Income Fund II 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.

98.4% of 5.0% limit

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

About Virtus Convertible & Income Fund II

The Virtus Convertible & Income Fund II is a closed-end mutual fund focused on fixed income, launched and managed by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager. The fund's investment strategy concentrates on fixed income markets within the United States, primarily allocating capital to convertible instruments and high-yield, non-convertible bonds rated below investment grade. Its holdings generally feature a weighted average maturity ranging from five to ten years. Portfolio construction relies on fundamental analysis and a bottom-up security selection approach, supported by proprietary models and internal research. Established on July 31, 2003, and domiciled in the U.S., the fund was formerly known as AGIC Convertible & Income Fund II.

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% (98.4%)

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.

98%

Halal2%

Doubtful0%

Not Halal98%

Unknown0%

Top Holdings

WDCWESTERN DIGITAL CORPNot Halal3.76%LITELUMENTUM HOLDINGS INCNot Halal2.72%BLACKROCK LIQUIDITY FUNDSNot Halal2.39%WFCWELLS FARGO & COMPANYNot Halal1.81%WELLTOWER OP LLCNot Halal1.77%NEXTERA ENERGY CAPITAL HOLDINGS INCNot Halal1.67%BABOEING COMPANY (THE)Not Halal1.61%LYVLIVE NATION ENTERTAINMENT INCNot Halal1.59%BEBLOOM ENERGY CORPNot Halal1.35%COREWEAVE INCNot Halal1.28%

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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Free · No credit card required

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Frequently Asked Questions

Is Virtus Convertible & Income Fund II (NCZ) halal to invest in?

Virtus Convertible & Income Fund II (NCZ) 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 Virtus Convertible & Income Fund II get a F compliance rating?

Virtus Convertible & Income Fund II'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 Virtus Convertible & Income Fund II's Shariah verdict?

Virtus Convertible & Income Fund II'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 Virtus Convertible & Income Fund II re-screened for Shariah compliance?

Virtus Convertible & Income Fund II (NCZ) 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.