Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen S&P 500 Dynamic Overwrite Fund 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 Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/SPXX
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
95% of the basket's holdings were screened individually.
SPXX: Is Nuveen S&P 500 Dynamic Overwrite Fund Halal?
Nuveen S&P 500 Dynamic Overwrite Fund
$18.52
Market Cap: 332.9M
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About Nuveen S&P 500 Dynamic Overwrite Fund
The Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) operates as a closed-end, equity-indexed mutual fund, sponsored by Nuveen Investments, Inc. It is jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. This fund primarily invests in public equities within the United States, focusing on large-capitalization companies spanning various sectors. As part of its investment strategy, it also employs financial derivatives, such as call options. The fund's core objective is to replicate the performance of the S&P 500 Index. Initially launched on November 11, 2004, and domiciled in the U.S., it was previously known as the Nuveen Equity Premium and Growth Fund.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SPXX 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% (21.3%)
Basket Composition
95% 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.