What is Western Asset Premier Bond Fund's Shariah compliance score?

Western Asset Premier Bond Fund's (WEA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Western Asset Premier Bond Fund pass AAOIFI screening?

Western Asset Premier Bond Fund (WEA) 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% (WEA: 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 Western Asset Premier Bond 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 Western Asset Premier Bond Fund (WEA) using the latest financial data.

Where can I screen Western Asset Premier Bond Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Western Asset Premier Bond Fund (WEA) 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 WEA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

WEA: Is Western Asset Premier Bond Fund Halal?

Western Asset Premier Bond Fund

NYSEFinancial ServicesUS

$10.42

+0.48%

Market Cap: 123.6M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Western Asset Premier Bond Fund (WEA) halal? Not Halal. Based on AAOIFI screening, Western Asset Premier Bond 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.

99.9% of 5.0% limit

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

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade bonds, including corporate bonds, U.S. government and agency securities, and mortgage related securities. It seeks to maintain an average duration of around two to three years with an average credit quality of BBB. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield Index and the Barclays Capital U.S. Credit Index. Western Asset Premier Bond Fund was formed on March 28, 2002 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% (99.9%)

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

First Quantum Minerals Ltd.Not Halal1.36%GSGoldman Sachs Group, Inc.Not Halal1.20%AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)Not Halal1.12%Permian Resources Operating, LLCNot Halal1.12%Citadel Securities LPNot Halal1.11%Pm General Purchaser LlcNot Halal0.97%Sabine Pass Liquefaction, LLCNot Halal0.94%SCHWThe Charles Schwab CorporationNot Halal0.94%Pfizer Investment Enterprises Pte Ltd.Not Halal0.91%Michaels Companies Inc.Not Halal0.88%

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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Free · No credit card required

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Frequently Asked Questions

Is Western Asset Premier Bond Fund (WEA) halal to invest in?

Western Asset Premier Bond Fund (WEA) 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 Western Asset Premier Bond Fund get a F compliance rating?

Western Asset Premier Bond 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 Western Asset Premier Bond Fund's Shariah verdict?

Western Asset Premier Bond 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 Western Asset Premier Bond Fund re-screened for Shariah compliance?

Western Asset Premier Bond Fund (WEA) 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.