What is NXG Cushing Midstream Energy Fund's Shariah compliance score?

NXG Cushing Midstream Energy Fund's (SRV) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does NXG Cushing Midstream Energy Fund pass AAOIFI screening?

NXG Cushing Midstream Energy Fund (SRV) 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% (SRV: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for NXG Cushing Midstream Energy Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for NXG Cushing Midstream Energy Fund (SRV) using the latest financial data.

Where can I screen NXG Cushing Midstream Energy Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for NXG Cushing Midstream Energy Fund (SRV) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SRV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SRV: Is NXG Cushing Midstream Energy Fund Halal?

NXG Cushing Midstream Energy Fund

NYSEFinancial ServicesUS

$45.13

-1.12%

Market Cap: 210.6M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is NXG Cushing Midstream Energy Fund (SRV) halal? Not Halal. Based on AAOIFI screening, NXG Cushing Midstream Energy 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.

56.3% of 5.0% limit

91% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Aug 26, 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% (56.3%)

Basket Composition

91% 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.

30%

56%

Halal30%

Doubtful5%

Not Halal56%

Unknown9%

Top Holdings

ETEnergy Transfer LPNot Halal5.58%TRGPTarga Resources CorpNot Halal4.69%NRGNRG Energy IncNot Halal4.37%TLNTalen Energy CorpNot Halal4.05%PAGPPlains GP Holdings LPHalal3.97%VSTVistra CorpNot Halal3.92%WMBWilliams Cos Inc/TheNot Halal3.82%CEGConstellation Energy CorpHalal3.75%DTMDT Midstream IncDoubtful3.72%TRPTC Energy CorpNot Halal3.54%

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

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SLVA+

iShares Silver Trust

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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Frequently Asked Questions

Is NXG Cushing Midstream Energy Fund (SRV) halal to invest in?

NXG Cushing Midstream Energy Fund (SRV) 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 NXG Cushing Midstream Energy Fund get a F compliance rating?

NXG Cushing Midstream Energy 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 NXG Cushing Midstream Energy Fund's Shariah verdict?

NXG Cushing Midstream Energy 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 NXG Cushing Midstream Energy Fund re-screened for Shariah compliance?

NXG Cushing Midstream Energy Fund (SRV) 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: Aug 26, 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.