What is High Income Securities Fund's Shariah compliance score?

High Income Securities Fund's (PCF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does High Income Securities Fund pass AAOIFI screening?

High Income Securities Fund (PCF) 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% (PCF: 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 High Income Securities 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 High Income Securities Fund (PCF) using the latest financial data.

Where can I screen High Income Securities Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for High Income Securities Fund (PCF) 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 PCF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

PCF: Is High Income Securities Fund Halal?

High Income Securities Fund

NYSEFinancial ServicesUS

$5.42

+0.74%

Market Cap: 101.4M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is High Income Securities Fund (PCF) halal? Not Halal. Based on AAOIFI screening, High Income Securities 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.

51.0% of 5.0% limit

52% of the basket's holdings were screened individually.

About High Income Securities Fund

The High Income Securities Fund, a closed-ended mutual fund designed to provide balanced income, was originally established and is currently overseen by Putnam Investment Management, LLC. Putnam Investments Limited also serves as a co-manager for the fund. Its investment strategy concentrates on the fixed income markets within the United States. Additionally, the fund diversifies its portfolio by acquiring equity stakes in businesses operating across numerous industries, with a particular emphasis on both convertible bonds and convertible preferred stocks. To evaluate its performance, the fund utilizes a blended benchmark, consisting of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. This fund, which is domiciled in the United States and commenced operations on July 9, 1987, was previously known as the Putnam High Income Securities Fund.

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% (51.0%)

Basket Composition

52% 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.

51%

48%

Halal1%

Doubtful0%

Not Halal51%

Unknown48%

Top Holdings

DSMBNY MELLON STRATEGIC MUNICIPAL BOND FUND INCNot Halal6.59%NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND INCUnknown5.85%GDVGABELLI DIVIDEND & INCOME TRUST (THE)Not Halal3.61%LEOBNY MELLON STRATEGIC MUNICIPALS INCNot Halal3.51%CIONCION INVESTMENT CORPNot Halal3.45%IHDVOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUNDNot Halal2.65%RWAYRUNWAY GROWTH FINANCE CORPNot Halal2.50%OTFBLUE OWL TECHNOLOGY FINANCE CORPNot Halal2.31%BLUEROCK PRIVATE REAL ESTATE FUNDUnknown1.93%FSKFS KKR CAPITAL CORPNot 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

$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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Free · No credit card required

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Frequently Asked Questions

Is High Income Securities Fund (PCF) halal to invest in?

High Income Securities Fund (PCF) 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 High Income Securities Fund get a F compliance rating?

High Income Securities 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 High Income Securities Fund's Shariah verdict?

High Income Securities 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 High Income Securities Fund re-screened for Shariah compliance?

High Income Securities Fund (PCF) 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.