Does Cohen & Steers Select Preferred and Income Fund, Inc. pass AAOIFI screening?

Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) 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% (PSF: 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 Cohen & Steers Select Preferred and Income 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 Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) using the latest financial data.

Where can I screen Cohen & Steers Select Preferred and Income Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) 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 PSF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

PSF: Is Cohen & Steers Select Preferred and Income Fund, Inc. Halal?

Cohen & Steers Select Preferred and Income Fund, Inc.

NYSEFinancial ServicesUS

$19.40

+0.73%

Market Cap: 233.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) halal? Not Halal. Based on AAOIFI screening, Cohen & Steers Select Preferred and Income 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.

95.4% of 5.0% limit

96% of the basket's holdings were screened individually.

About Cohen & Steers Select Preferred and Income Fund, Inc.

Cohen & Steers Select Preferred and Income Fund, Inc. is a closed ended fixed income mutual fund launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities. The fund seeks to invest in traditional preferred securities, hybrid-preferred securities, floating rate preferred securities, corporate debt securities, and convertible securities with maturity of ten years or more. It intends to utilize leverage in an amount up to 33.33% of its managed assets through borrowings. The fund uses fundamental analysis and focuses on factors like issuer’s creditworthiness, account prevailing market factors, issuer’s corporate and capital structure, and the placement of the preferred or debt securities within that structure. It benchmarks the performance of its portfolio against the BofA Merrill Lynch Fixed Rate Preferred Index, Barclays Capital U.S. Aggregate Bond Index, and a composite benchmark comprising of 50% of the BofA Merrill Lynch US Capital Securities Index and 50% of the BofA Merrill Lynch Fixed Rate Preferred Index. Cohen & Steers Select Preferred and Income Fund, Inc. was formed on August 16, 2010 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% (95.4%)

Basket Composition

96% 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.

95%

Halal0%

Doubtful0%

Not Halal95%

Unknown5%

Top Holdings

CCITIGROUP INCNot Halal1.42%GSGOLDMAN SACHS GROUP INCNot Halal1.17%BACBANK OF AMERICA CORPNot Halal1.04%BNP PARIBASNot Halal1.01%ENBENBRIDGE INCNot Halal0.96%CCITIGROUP INCNot Halal0.93%VENTURE GLOBAL LNG INCNot Halal0.91%RYROYAL BANK OF CANADANot Halal0.89%UBSUBS GROUP AGNot Halal0.86%BCSBARCLAYS PLCNot Halal0.85%

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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BAC

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Free · No credit card required

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Frequently Asked Questions

Is Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) halal to invest in?

Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) 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 Cohen & Steers Select Preferred and Income Fund, Inc. get a F compliance rating?

Cohen & Steers Select Preferred and Income 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 Cohen & Steers Select Preferred and Income Fund, Inc.'s Shariah verdict?

Cohen & Steers Select Preferred and Income 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 Cohen & Steers Select Preferred and Income Fund, Inc. re-screened for Shariah compliance?

Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) 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.