Is Blackstone Long-Short Credit Income Fund (BGX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13M |
| Free Cash Flow | $13M |
| Total Debt | $80M |
| Total Assets | $273M |
Price & Trading
| Last Close | $10.62 |
| 50-Day MA | $11.08 |
| 200-Day MA | $11.84 |
| Avg Volume | 102K |
|
52-Week Range
$10.38
| |
About Blackstone Long-Short Credit Income Fund (BGX)
Blackstone Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in loans and fixed-income instruments of corporate issuers, including first and second lien secured loans and high-yield corporate debt securities of varying maturities. The fund seeks to invest in securities rated below investment grade. It employs fundamental analysis using a research-driven credit approach to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of 70% S&P/LSTA Leveraged Loan Index and 30% Barclays US High Yield Index. Blackstone Long-Short Credit Income Fund was formed on October 22, 2010 and is domiciled in the United States.
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Frequently Asked Questions
Is Blackstone Long-Short Credit Income Fund (BGX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Blackstone Long-Short Credit 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 Blackstone Long-Short Credit Income Fund's debt ratio?
Blackstone Long-Short Credit 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 Blackstone Long-Short Credit Income Fund's key financial metrics?
Blackstone Long-Short Credit Income Fund has a market capitalization of $135M, trailing P/E ratio of 15.2, and revenue of $18M.
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.