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).
RIV โ Is RiverNorth Opportunities Fund, Inc. Halal?
Not HalalRiverNorth Opportunities Fund, Inc.
$11.70
-0.68%
About RiverNorth Opportunities Fund, Inc.
RiverNorth Opportunities Fund, Inc. was founded in 2015 and is headquartered in Chicago, Illinois.
Sector: Financial Services ยท Industry: Asset Management
Shariah Compliance Status
Based on AAOIFI screening standards
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (34.5%)
Basket Composition
5% 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
Compliance History
Not Halalnow
current status
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
253.9M
Price
$11.70
Sector
Financial Services
Industry
Asset Management
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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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.