What is Putnam Premier Income Trust's Shariah compliance score?

Putnam Premier Income Trust's (PPT) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Putnam Premier Income Trust pass AAOIFI screening?

Putnam Premier Income Trust (PPT) 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% (PPT: 0.0%), (3) interest-bearing deposits below 30% (PPT: 0.0%), and (4) prohibited income below 5% (PPT: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Putnam Premier Income Trust stock?

Putnam Premier Income Trust (PPT) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from PPT 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 Putnam Premier Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Putnam Premier Income Trust (PPT) 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 PPT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

PPT: Is Putnam Premier Income Trust Halal?

Putnam Premier Income Trust

NYSEFinancial ServicesUS

$3.47

-0.29%

Market Cap: 331.6M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Putnam Premier Income Trust (PPT) halal? Not Halal. Based on AAOIFI screening, Putnam Premier Income Trust 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.

114.9% of 5.0% limit

93% of the basket's holdings were screened individually.

About Putnam Premier Income Trust

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 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% (114.9%)

Basket Composition

93% 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.

115%

Halal0%

Doubtful0%

Not Halal115%

Unknown0%

Top Holdings

FNMA or FHLMCNot Halal5.93%FNMA or FHLMCNot Halal5.68%GNMANot Halal3.11%Franklin Ultra Short Bond ETFUnknown2.59%FNMA or FHLMCNot Halal2.30%GNMANot Halal2.23%Putnam Short Term Investment FundUnknown1.15%N/AUnknown0.80%VCAT LLCNot Halal0.63%United States of AmericaNot Halal0.59%

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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ABA+

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Frequently Asked Questions

Is Putnam Premier Income Trust (PPT) halal to invest in?

Putnam Premier Income Trust (PPT) 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 Putnam Premier Income Trust get a F compliance rating?

Putnam Premier Income Trust'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 Putnam Premier Income Trust's Shariah verdict?

Putnam Premier Income Trust'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 Putnam Premier Income Trust re-screened for Shariah compliance?

Putnam Premier Income Trust (PPT) 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 19, 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.