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

RiverNorth Opportunities Fund, Inc. (RIV) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Does RiverNorth Opportunities Fund, Inc. pass AAOIFI look-through screening?

RiverNorth Opportunities Fund, Inc. (RIV) does not pass AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

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

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 percentage and amount for RiverNorth Opportunities Fund, Inc. (RIV) 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 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

RIVNot HalalF

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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is RiverNorth Opportunities Fund, Inc. (RIV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, RiverNorth Opportunities Fund, Inc. 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 RiverNorth Opportunities Fund, Inc. (RIV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/RIV

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

51.5% of 5.0% limit

53% of the basket's holdings were screened individually.

RIV: Is RiverNorth Opportunities Fund, Inc. Halal?

RiverNorth Opportunities Fund, Inc.

NYSEFinancial ServicesUS

$9.96

Market Cap: 272.6M

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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 21 look-throughUpdated Oct 15, 2026

AI Compliance Insight

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Institutional-grade Shariah analysis

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See why RIV is rated Not Halal with institutional-grade analysis

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% (51.5%)

Basket Composition

53% 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.

52%

46%

Halal1%

Doubtful1%

Not Halal52%

Unknown46%

Top Holdings

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10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

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 fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$382.01

SLVA+

iShares Silver Trust

$51.51

PSLVA+

Sprott Physical Silver Trust

$18.48

PHYSA+

Sprott Physical Gold Trust

$31.50

CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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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 by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did RiverNorth Opportunities Fund, Inc. get a F compliance rating?

RiverNorth Opportunities Fund, Inc.'s grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

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. is re-screened as its published holdings change. Last screened: Oct 15, 2026.

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.