Is Saba Capital Income & Opportunities Fund (BRW) 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 | -83.0% | |
| Net Margin | 179.4% | |
| Return on Equity (ROE) | 15.8% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $150M |
| Free Cash Flow | $150M |
| Total Debt | $61M |
| Debt-to-Equity | 17.2 |
| Current Ratio | 1.0 |
| Total Assets | $866M |
Price & Trading
| Last Close | $6.56 |
| 50-Day MA | $6.60 |
| 200-Day MA | $7.43 |
| Avg Volume | 306K |
| Beta | 0.4 |
|
52-Week Range
$6.38
| |
About Saba Capital Income & Opportunities Fund (BRW)
Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. The fund was formerly known as Voya Prime Rate Trust. Saba Capital Income & Opportunities Fund was formed on December 2, 1987 and is domiciled in the United States.
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Frequently Asked Questions
Is Saba Capital Income & Opportunities Fund (BRW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saba Capital Income & Opportunities 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 Saba Capital Income & Opportunities Fund's debt ratio?
Saba Capital Income & Opportunities 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 Saba Capital Income & Opportunities Fund's key financial metrics?
Saba Capital Income & Opportunities Fund has a market capitalization of $283M, trailing P/E ratio of 5.1, and revenue of $58M. The company maintains a gross margin of 100.0% and a net margin of 179.4%. Return on equity stands at 15.8%.
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.