Is ADVENT CONVERTIBLE & INCOME FUND (AVK) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 78.5% | |
| Net Margin | 286.0% | |
| Return on Equity (ROE) | 21.1% | |
| Return on Assets (ROA) | 2.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $24M |
| Free Cash Flow | $24M |
| Total Debt | $350M |
| Debt-to-Equity | 59.2 |
| Current Ratio | 0.1 |
| Total Assets | $953M |
Price & Trading
| Last Close | $11.30 |
| 50-Day MA | $12.37 |
| 200-Day MA | $12.46 |
| Avg Volume | 170K |
| Beta | 1.3 |
|
52-Week Range
$9.75
| |
About ADVENT CONVERTIBLE & INCOME FUND (AVK)
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.
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Frequently Asked Questions
Is ADVENT CONVERTIBLE & INCOME FUND (AVK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ADVENT CONVERTIBLE & INCOME FUND is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ADVENT CONVERTIBLE & INCOME FUND's debt ratio?
ADVENT CONVERTIBLE & INCOME FUND's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ADVENT CONVERTIBLE & INCOME FUND's key financial metrics?
ADVENT CONVERTIBLE & INCOME FUND has a market capitalization of $485M, trailing P/E ratio of 4.1, and revenue of $122M. The company maintains a gross margin of 100.0% and a net margin of 286.0%. Return on equity stands at 21.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.