Does Invesco California Value Municipal Income Trust pass AAOIFI screening?

Invesco California Value Municipal Income Trust (VCV) 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% (VCV: 0.0%), (3) interest-bearing deposits below 30% (VCV: 0.0%), and (4) prohibited income below 5% (VCV: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Invesco California Value Municipal Income Trust stock?

Invesco California Value Municipal Income Trust (VCV) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from VCV 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 Invesco California Value Municipal Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Invesco California Value Municipal Income Trust (VCV) 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 VCV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

VCV: Is Invesco California Value Municipal Income Trust Halal?

Invesco California Value Municipal Income Trust

NYSEFinancial ServicesUS

$10.66

-0.16%

Market Cap: 512.5M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Invesco California Value Municipal Income Trust (VCV) halal? Not Halal. Based on AAOIFI screening, Invesco California Value Municipal Income Trust 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.

164.5% of 5.0% limit

100% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 14, 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% (164.5%)

Basket Composition

100% 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.

165%

Halal0%

Doubtful0%

Not Halal165%

Unknown0%

Top Holdings

California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)Not Halal6.99%Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building)Not Halal4.75%San Diego (County of), CA Regional Airport AuthorityNot Halal3.98%Los Angeles (County of), CA Public Works Financing Authority (Green Bonds)Not Halal3.12%San Mateo (County of), CA Joint Powers Financing Authority (Capital)Not Halal2.54%California (State of)Not Halal2.09%San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)Not Halal2.07%University of California (Limited)Not Halal2.00%Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)Not Halal2.00%California State UniversityNot Halal1.99%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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

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Frequently Asked Questions

Is Invesco California Value Municipal Income Trust (VCV) halal to invest in?

Invesco California Value Municipal Income Trust (VCV) 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 Invesco California Value Municipal Income Trust get a F compliance rating?

Invesco California Value Municipal Income 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 Invesco California Value Municipal Income Trust's Shariah verdict?

Invesco California Value Municipal Income 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 Invesco California Value Municipal Income Trust re-screened for Shariah compliance?

Invesco California Value Municipal Income Trust (VCV) 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 14, 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.