What is Virtus Global Multi-Sector Income Fund's Shariah compliance score?

Virtus Global Multi-Sector Income Fund's (VGI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Virtus Global Multi-Sector Income Fund pass AAOIFI screening?

Virtus Global Multi-Sector Income Fund (VGI) 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% (VGI: 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 Virtus Global Multi-Sector Income 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 Virtus Global Multi-Sector Income Fund (VGI) using the latest financial data.

Where can I screen Virtus Global Multi-Sector Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Virtus Global Multi-Sector Income Fund (VGI) 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 VGI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

VGI: Is Virtus Global Multi-Sector Income Fund Halal?

Virtus Global Multi-Sector Income Fund

NYSEFinancial ServicesUS

$7.29

+0.41%

Market Cap: 82.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Virtus Global Multi-Sector Income Fund (VGI) halal? Not Halal. Based on AAOIFI screening, Virtus Global Multi-Sector Income 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.

99.8% of 5.0% limit

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

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is co-managed by Virtus Investment Advisers, Inc. and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds. It invests in securities with average duration which varies within three years (plus or minus) of the duration of the Barclays Global Aggregate Bond Index. The fund employs fundamental analysis with a top-down and bottom-up stock picking approach while focusing on factors such as yield and spreads, supply and demand, investment environment, sector fundamentals, assessment of credit risk, company management, issue structure, technical market conditions, and valuations to create its portfolio. It seeks to benchmark the performance of its portfolio against the Barclays Global Aggregate Bond Index. The fund was formerly known as Virtus-Newfleet Global Multi-Sector Income Fund. Virtus Global Multi-Sector Income Fund was formed on February 23, 2012 and is domiciled in the United States.

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% (99.8%)

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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTNot Halal1.01%FEDERAL HOME LOAN MORTGAGE CORPNot Halal0.92%FEDERAL NATIONAL MORTGAGE ASSOCIATIONNot Halal0.89%OMAN, GOVERNMENT OF THE SULTANATE OFNot Halal0.86%FEDERAL NATIONAL MORTGAGE ASSOCIATIONNot Halal0.82%FEDERAL HOME LOAN MORTGAGE CORPNot Halal0.82%HUNGARY, REPUBLIC OF - MINISTRY OF FINANCENot Halal0.79%SAUDI ARABIA, KINGDOM OFNot Halal0.69%ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTONot Halal0.66%UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTNot Halal0.65%

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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+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%

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Virtus Global Multi-Sector Income Fund (VGI) halal to invest in?

Virtus Global Multi-Sector Income Fund (VGI) 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 Virtus Global Multi-Sector Income Fund get a F compliance rating?

Virtus Global Multi-Sector Income 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 Virtus Global Multi-Sector Income Fund's Shariah verdict?

Virtus Global Multi-Sector Income 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 Virtus Global Multi-Sector Income Fund re-screened for Shariah compliance?

Virtus Global Multi-Sector Income Fund (VGI) 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.