Compliance Status
Not Halal
Screened on Oct 6, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Saba Capital Income & Opportunities Fund II (SABA) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Saba Capital Income & Opportunities Fund II 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 Saba Capital Income & Opportunities Fund II (SABA) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/SABA
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
27% of the basket's holdings were screened individually.
SABA: Is Saba Capital Income & Opportunities Fund II Halal?
Saba Capital Income & Opportunities Fund II
$7.72
Market Cap: 206.5M
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About Saba Capital Income & Opportunities Fund II
Saba Capital Income & Opportunities Fund II is a closed-end investment fund specializing in fixed income, overseen by Saba Capital Management, L.P. This actively managed fund primarily allocates capital to global debt markets, with a core focus on sovereign government bonds. Its performance is measured against the J.P. Morgan Global Government Bond Index. The fund was established on March 17, 1988, and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SABA 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% (22.3%)
Basket Composition
27% 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 Sep 2026
Under Review
before we began tracking
Tracked since Sep 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.