What is Nuveen S&P 500 Dynamic Overwrite Fund's Shariah compliance score?

Nuveen S&P 500 Dynamic Overwrite Fund's (SPXX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen S&P 500 Dynamic Overwrite Fund pass AAOIFI screening?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SPXX: 0.0%), (3) interest-bearing deposits below 30% (SPXX: 0.0%), and (4) prohibited income below 5% (SPXX: 11.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen S&P 500 Dynamic Overwrite Fund stock?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a non-permissible income ratio of 11.27%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SPXX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Nuveen S&P 500 Dynamic Overwrite Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SPXX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPXX: Is Nuveen S&P 500 Dynamic Overwrite Fund Halal?

Nuveen S&P 500 Dynamic Overwrite Fund

NYSEFinancial ServicesUS

$18.20

+0.11%

Market Cap: 327.2M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) halal? Not Halal. Based on AAOIFI screening, Nuveen S&P 500 Dynamic Overwrite Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

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

23.9% of 5.0% limit

99% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 15, 2026

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% (23.9%)

Basket Composition

99% 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.

73%

24%

Halal73%

Doubtful2%

Not Halal24%

Unknown1%

Top Holdings

NVDANVIDIA CorpHalal7.49%AAPLApple IncHalal6.50%MSFTMicrosoft CorpHalal5.19%AMZNAmazon.com IncHalal3.67%CATCaterpillar IncHalal3.05%GOOGLAlphabet IncHalal2.85%GSGoldman Sachs Group Inc/TheNot Halal2.73%AVGOBroadcom IncHalal2.55%JPMJPMorgan Chase & CoNot Halal2.40%GOOGLAlphabet IncHalal2.24%

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

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) halal to invest in?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Nuveen S&P 500 Dynamic Overwrite Fund get a F compliance rating?

Nuveen S&P 500 Dynamic Overwrite Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Nuveen S&P 500 Dynamic Overwrite Fund's Shariah verdict?

Nuveen S&P 500 Dynamic Overwrite Fund'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 Nuveen S&P 500 Dynamic Overwrite Fund re-screened for Shariah compliance?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 15, 2026.

Screened according to 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. 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.