Does RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. pass AAOIFI screening?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) 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% (OPP: 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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) using the latest financial data.

Where can I screen RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) 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 OPP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

OPP: Is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Halal?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

NYSEFinancial ServicesUS

$7.47

+0.13%

Market Cap: 177.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) halal? Not Halal. Based on AAOIFI screening, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 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.

100.0% of 5.0% limit

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

About RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. functions as a closed-end mutual fund primarily dedicated to investments in fixed income markets. RiverNorth Capital Management, LLC originally launched and provides primary oversight for the fund, with DoubleLine Capital LP acting as a co-manager. Established in the United States on December 30, 2010, the fund's objective is to benchmark its portfolio's performance against the Barclays Capital U.S. Aggregate Bond Index.

Sector: Financial Services · Industry: Asset Management

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% (100.0%)

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

State Street Institutional Treasury Money Market FundNot Halal2.71%Government National Mortgage AssociationNot Halal1.86%Government National Mortgage AssociationNot Halal1.85%Government National Mortgage AssociationNot Halal1.65%Ellington Financial Mortgage TrustNot Halal1.47%Freddie MacNot Halal1.47%Fannie MaeNot Halal1.31%Fannie MaeNot Halal1.10%Fannie Mae - CasNot Halal1.07%Colt Funding LlcNot Halal1.06%

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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) halal to invest in?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) 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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. get a F compliance rating?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s Shariah verdict?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'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 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. re-screened for Shariah compliance?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) 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.