What is Nuveen Variable Rate Preferred & Income Fund's Shariah compliance score?

Nuveen Variable Rate Preferred & Income Fund's (NPFD) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Variable Rate Preferred & Income Fund pass AAOIFI screening?

Nuveen Variable Rate Preferred & Income Fund (NPFD) 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% (NPFD: 0.0%), (3) interest-bearing deposits below 30% (NPFD: 0.0%), and (4) prohibited income below 5% (NPFD: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Variable Rate Preferred & Income Fund stock?

Nuveen Variable Rate Preferred & Income Fund (NPFD) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NPFD 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 Nuveen Variable Rate Preferred & Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Variable Rate Preferred & Income Fund (NPFD) 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 NPFD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NPFD: Is Nuveen Variable Rate Preferred & Income Fund Halal?

Nuveen Variable Rate Preferred & Income Fund

NYSEFinancial ServicesUS

$18.71

-0.27%

Market Cap: 452.1M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Variable Rate Preferred & Income Fund (NPFD) halal? Not Halal. Based on AAOIFI screening, Nuveen Variable Rate Preferred & 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.

150.8% of 5.0% limit

95% of the basket's holdings were screened individually.

About Nuveen Variable Rate Preferred & Income Fund

Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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% (150.8%)

Basket Composition

95% 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.

151%

Halal1%

Doubtful0%

Not Halal151%

Unknown0%

Top Holdings

BACBank of America CorpNot Halal3.88%JPMJPMorgan Chase & CoNot Halal3.87%CCitigroup IncNot Halal2.85%WFCWells Fargo & CoNot Halal2.80%TFCTRUIST FINANCIAL CORPNot Halal2.76%WFCWELLS FARGO & COMPANYNot Halal2.71%SBL HOLDINGS INCNot Halal2.67%GSGoldman Sachs Group Inc/TheNot Halal2.42%VODAFONE GROUP PLCNot Halal2.18%GENERAL MOTORS FINL CONot Halal2.17%

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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PHYSA+

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ABA+

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PYPL

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C+

BAC

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WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen Variable Rate Preferred & Income Fund (NPFD) halal to invest in?

Nuveen Variable Rate Preferred & Income Fund (NPFD) 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 Nuveen Variable Rate Preferred & Income Fund get a F compliance rating?

Nuveen Variable Rate Preferred & 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 Nuveen Variable Rate Preferred & Income Fund's Shariah verdict?

Nuveen Variable Rate Preferred & 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 Nuveen Variable Rate Preferred & Income Fund re-screened for Shariah compliance?

Nuveen Variable Rate Preferred & Income Fund (NPFD) 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 17, 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.