Compliance Status
Not Halal
Screened on Oct 12, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Nasdaq 100 Dynamic Overwrite Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/QQQX
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
QQQX: Is Nuveen Nasdaq 100 Dynamic Overwrite Fund Halal?
Nuveen Nasdaq 100 Dynamic Overwrite Fund
$29.99
Market Cap: 1.5B
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About Nuveen Nasdaq 100 Dynamic Overwrite Fund
The Nuveen Nasdaq 100 Dynamic Overwrite Fund is an equity-focused, closed-end investment vehicle initially established by Nuveen Investments, Inc. Its management is a collaborative effort between Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund primarily allocates capital to publicly traded U.S. equities, specifically concentrating on large-capitalization companies across a diverse array of sectors. An integral part of its strategy involves the utilization of index call options. A core objective is to mirror the performance of the NASDAQ 100 Index. Prior to its current designation, the fund was known as the NASDAQ Premium Income & Growth Fund Inc. It was inaugurated on January 30, 2007, and maintains its domicile within the United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why QQQX is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (8.9%)
Basket Composition
98% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Jul 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.