What is Nuveen Nasdaq 100 Dynamic Overwrite Fund's Shariah compliance score?

Nuveen Nasdaq 100 Dynamic Overwrite Fund's (QQQX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Nasdaq 100 Dynamic Overwrite Fund pass AAOIFI screening?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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% (QQQX: 0.0%), (3) interest-bearing deposits below 30% (QQQX: 0.0%), and (4) prohibited income below 5% (QQQX: 12.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Nasdaq 100 Dynamic Overwrite Fund stock?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a non-permissible income ratio of 12.83%. Muslim investors should purify this percentage of any dividends received and capital gains realized from QQQX 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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 QQQX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

QQQX: Is Nuveen Nasdaq 100 Dynamic Overwrite Fund Halal?

Nuveen Nasdaq 100 Dynamic Overwrite Fund

NASDAQFinancial ServicesUS

$28.68

+0.46%

Market Cap: 1.4B

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) halal? Not Halal. Based on AAOIFI screening, Nuveen Nasdaq 100 Dynamic Overwrite 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.

15.9% of 5.0% limit

98% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 13, 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% (15.9%)

Basket Composition

98% 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.

84%

16%

Halal84%

Doubtful3%

Not Halal16%

Unknown0%

Top Holdings

NVDANVIDIA CorpHalal10.13%AAPLApple IncHalal9.37%MSFTMicrosoft CorpHalal7.34%GOOGLAlphabet IncHalal4.82%AMZNAmazon.com IncHalal4.75%AVGOBroadcom IncHalal4.36%AMATApplied Materials IncHalal4.03%TSLATesla IncHalal3.70%GOOGLAlphabet IncHalal3.41%METAMeta Platforms IncHalal3.21%

Compliance History

Not Halalnow
since Jul 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:

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) halal to invest in?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund get a F compliance rating?

Nuveen Nasdaq 100 Dynamic Overwrite 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund's Shariah verdict?

Nuveen Nasdaq 100 Dynamic Overwrite 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund re-screened for Shariah compliance?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) 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 13, 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.