Does Thornburg Income Builder Opportunities Trust pass AAOIFI screening?

Thornburg Income Builder Opportunities Trust (TBLD) 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% (TBLD: 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 Thornburg Income Builder Opportunities Trust 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 Thornburg Income Builder Opportunities Trust (TBLD) using the latest financial data.

Where can I screen Thornburg Income Builder Opportunities Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Thornburg Income Builder Opportunities Trust (TBLD) 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 TBLD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TBLD: Is Thornburg Income Builder Opportunities Trust Halal?

Thornburg Income Builder Opportunities Trust

NASDAQFinancial ServicesUS

$21.97

+1.52%

Market Cap: 682.9M

Compliance Status

Not Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Thornburg Income Builder Opportunities Trust (TBLD) halal? Not Halal. Based on AAOIFI screening, Thornburg Income Builder Opportunities Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Thornburg Income Builder Opportunities Trust (TBLD) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/TBLD

Basket rule

Over the limit

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

43.8% of 5.0% limit

70% of the basket's holdings were screened individually.

About Thornburg Income Builder Opportunities Trust

Thornburg Income Builder Opportunities Trust operates as a closed-end investment management firm. Its core mission involves deploying its managed capital, either directly or indirectly, into a wide spectrum of income-generating securities. The company commenced operations on July 28, 2021, and maintains its principal office in Santa Fe, New Mexico.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 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% (43.8%)

Basket Composition

70% 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.

25%

44%

30%

Halal25%

Doubtful1%

Not Halal44%

Unknown30%

Top Holdings

Thornburg Capital Management FundUnknown6.67%Orange SAUnknown5.05%TSMTaiwan Semiconductor Manufacturing Co LtdHalal4.26%SSNLFSamsung Electronics Co LtdHalal3.39%Enel SpAUnknown2.94%Endesa SAUnknown2.84%CSCOCisco Systems IncHalal2.76%TAT&T IncNot Halal2.75%RHHBYRoche Holding AGHalal2.72%NNBRNN Group NVNot Halal2.60%

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above
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

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

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%

More Financial Services Stocks

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JPMorgan Chase & Co.

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A+

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A+

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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 Thornburg Income Builder Opportunities Trust (TBLD) halal to invest in?

Thornburg Income Builder Opportunities Trust (TBLD) 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 Thornburg Income Builder Opportunities Trust get a F compliance rating?

Thornburg Income Builder Opportunities Trust'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 Thornburg Income Builder Opportunities Trust's Shariah verdict?

Thornburg Income Builder Opportunities Trust'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 Thornburg Income Builder Opportunities Trust re-screened for Shariah compliance?

Thornburg Income Builder Opportunities Trust (TBLD) 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 30, 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.