Compliance Status
Not Halal
Screened on Oct 18, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Cohen & Steers REIT and Preferred Income Fund, Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/RNP
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
93% of the basket's holdings were screened individually.
RNP: Is Cohen & Steers REIT and Preferred Income Fund, Inc. Halal?
Cohen & Steers REIT and Preferred Income Fund, Inc.
$18.46
Market Cap: 886.1M
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About Cohen & Steers REIT and Preferred Income Fund, Inc.
The Cohen & Steers REIT and Preferred Income Fund, Inc., initially launched by Cohen & Steers Inc. on June 27, 2003, is a closed-ended, balanced mutual fund based in the United States. Formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund, it is currently managed by Cohen & Steers Capital Management, Inc. The fund strategically invests across both public equity and fixed income markets within the U.S. Its equity holdings are primarily concentrated in companies within the real estate sector, including Real Estate Investment Trusts (REITs). For its fixed income allocations, the fund typically acquires debt and preferred securities from businesses spanning diverse industries. Fundamental analysis underpins the fund's investment approach for both asset classes. When constructing its fixed income portfolio, managers prioritize factors such as an issuer's financial stability, its corporate and capital structure, the specific ranking of the preferred or debt securities within that structure, market trends and external indicators, and the relative attractiveness compared to other income investments. Similarly, for its equity portfolio, the fund evaluates companies based on their growth prospects, projected earnings, and the caliber of their management teams. The fund's performance is measured against several industry benchmarks, including the FTSE NAREIT Equity Index, the S&P 500 Index, the Merrill Lynch Fixed Rate Preferred Index, and the FTSE NAREIT Equity REIT Index.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why RNP 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% (73.7%)
Basket Composition
93% 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 Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
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.