Compliance Status
Not Halal
Screened on Oct 6, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is NXG Cushing Midstream Energy Fund (SRV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, NXG Cushing Midstream Energy Fund 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 NXG Cushing Midstream Energy Fund (SRV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/SRV
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
91% of the basket's holdings were screened individually.
SRV: Is NXG Cushing Midstream Energy Fund Halal?
NXG Cushing Midstream Energy Fund
$44.49
Market Cap: 207.7M
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About NXG Cushing Midstream Energy Fund
NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities. It primarily invests in the securities of MLPs, other equity securities, debt securities, and securities of non-U.S. issuers employing a fundamental analysis. NXG Cushing Midstream Energy Fund was formed on May 23, 2007 and is domiciled in Dallas.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SRV 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% (61.4%)
Basket Composition
91% 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 Halal, unchanged since Sep 2026.
No status changes recorded since 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.