Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Invesco California Value Municipal Income Trust (VCV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Invesco California Value Municipal Income Trust 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 Invesco California Value Municipal Income Trust (VCV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/VCV
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
VCV: Is Invesco California Value Municipal Income Trust Halal?
Invesco California Value Municipal Income Trust
$9.00
Market Cap: 436.6M
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About Invesco California Value Municipal Income Trust
The Invesco California Value Municipal Income Trust is a closed-end investment vehicle established by Invesco Ltd. Its management responsibilities are shared among several Invesco affiliates, specifically Invesco Advisers, Inc., Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. The trust primarily allocates capital to investment-grade municipal debt securities originating from California, operating within the broader U.S. fixed-income market. These holdings encompass a range of instruments such as municipal bonds, notes, commercial paper, and lease obligations. Portfolio construction relies on a methodology that integrates fundamental analysis with a bottom-up security selection process. Originally, it operated under the name Invesco Van Kampen California Value Municipal Income Trust. Established in the United States on April 30, 1993, the fund remains domiciled there.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why VCV 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% (100.0%)
Basket Composition
100% 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 Jul 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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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.