What is RiverNorth Opportunities Fund, Inc.'s Shariah compliance score?

RiverNorth Opportunities Fund, Inc.'s (RIV) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does RiverNorth Opportunities Fund, Inc. pass AAOIFI screening?

RiverNorth Opportunities Fund, Inc. (RIV) 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% (RIV: 0.0%), (3) interest-bearing deposits below 30% (RIV: 0.0%), and (4) prohibited income below 5% (RIV: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for RiverNorth Opportunities Fund, Inc. stock?

RiverNorth Opportunities Fund, Inc. (RIV) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from RIV 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 RiverNorth Opportunities Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for RiverNorth Opportunities Fund, Inc. (RIV) 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 RIV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RIV: Is RiverNorth Opportunities Fund, Inc. Halal?

RiverNorth Opportunities Fund, Inc.

NYSEFinancial ServicesUS

$11.70

-0.68%

Market Cap: 253.9M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is RiverNorth Opportunities Fund, Inc. (RIV) halal? Not Halal. Based on AAOIFI screening, RiverNorth Opportunities 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.

50.9% of 5.0% limit

21% of the basket's holdings were screened individually.

About RiverNorth Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc. was founded in 2015 and is headquartered in Chicago, Illinois.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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% (50.9%)

Basket Composition

21% 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.

51%

48%

Halal1%

Doubtful0%

Not Halal51%

Unknown48%

Top Holdings

Pershing Square Holdings Ltd/fundUnknown7.80%State Street Institutional Treasury Money Market FundNot Halal3.91%MHDBlackrock Muniholdings Fund IncUnder Review3.40%Blackrock Science And Technology Term TrustUnknown3.39%BMEZBlackrock Health Sciences Term TrustNot Halal3.32%HYTBlackrock Corporate High Yield Fund IncNot Halal3.15%KYNKayne Anderson Energy Infrastructure FundUnder Review2.78%RMTRoyce Micro-cap Trust IncNot Halal2.76%Royce Small-cap Trust IncUnknown2.70%HHHHoward Hughes Holdings IncNot Halal2.63%

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:

GLDA+

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SLVA+

iShares Silver Trust

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+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%

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C+

BAC

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WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is RiverNorth Opportunities Fund, Inc. (RIV) halal to invest in?

RiverNorth Opportunities Fund, Inc. (RIV) 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 RiverNorth Opportunities Fund, Inc. get a F compliance rating?

RiverNorth Opportunities 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 RiverNorth Opportunities Fund, Inc.'s Shariah verdict?

RiverNorth Opportunities 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 RiverNorth Opportunities Fund, Inc. re-screened for Shariah compliance?

RiverNorth Opportunities Fund, Inc. (RIV) 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 18, 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.