Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

PFO: Is Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Halal?

Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

NYSEFinancial ServicesUS

$9.03

+0.56%

Market Cap: 118.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) halal? Not Halal. Based on AAOIFI screening, Flaherty & Crumrine Preferred Income 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.

91.7% of 5.0% limit

92% of the basket's holdings were screened individually.

About Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector. The fund primarily invests in preferred securities. It benchmarks the performance of its portfolio against S&P 500 Index and Barclays Capital U.S. Aggregate Index. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. was formed on December 10, 1991 and is domiciled in the United States.

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% (91.7%)

Basket Composition

92% 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.

92%
8%
Halal0%
Doubtful0%
Not Halal92%
Unknown8%

Top Holdings

PROVIDENT FINANCING TRUST INot Halal2.39%SOCIETE GENERALE SANot Halal2.17%METMETLIFE INCNot Halal1.83%FLAGSTAR BANK NAUnknown1.80%BNP PARIBAS SANot Halal1.76%MSMORGAN STANLEYNot Halal1.74%LAND O'LAKES INCNot Halal1.68%FITBIFIFTH THIRD BANCORPNot Halal1.66%HSBCHSBC HOLDINGS PLCNot Halal1.62%LIBERTY MUTUAL GROUP INCNot Halal1.59%
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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Sprott Physical Gold and Silver Trust
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Frequently Asked Questions

Is Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) halal to invest in?
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) 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 Flaherty & Crumrine Preferred Income Opportunity Fund Inc. get a F compliance rating?
Flaherty & Crumrine Preferred Income 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 Flaherty & Crumrine Preferred Income Opportunity Fund Inc.'s Shariah verdict?
Flaherty & Crumrine Preferred Income 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 Flaherty & Crumrine Preferred Income Opportunity Fund Inc. re-screened for Shariah compliance?
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) 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.