Is Nuveen S&P 500 BuyWrite Income Fund (BXMX) 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 | 100.0% | |
| Operating Margin | 28.4% | |
| Net Margin | 1002.3% | |
| Return on Equity (ROE) | 12.8% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Total Debt | $22M |
| Debt-to-Equity | 1.5 |
| Current Ratio | 1.3 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $13.54 |
| 50-Day MA | $14.45 |
| 200-Day MA | $14.28 |
| Avg Volume | 153K |
| Beta | 0.8 |
|
52-Week Range
$11.25
| |
About Nuveen S&P 500 BuyWrite Income Fund (BXMX)
Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund also invests through index call options. It seeks to replicate the performance of the S&P 500 Index by investing in proportion to their weighting in the index. The fund was formerly known as Nuveen Equity Premium Income Fund. Nuveen S&P 500 Buy-Write Income Fund was formed on July 23, 2004 and domiciled in the United States.
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Frequently Asked Questions
Is Nuveen S&P 500 BuyWrite Income Fund (BXMX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen S&P 500 BuyWrite 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 Nuveen S&P 500 BuyWrite Income Fund's debt ratio?
Nuveen S&P 500 BuyWrite 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 Nuveen S&P 500 BuyWrite Income Fund's key financial metrics?
Nuveen S&P 500 BuyWrite Income Fund has a market capitalization of $1.4B, trailing P/E ratio of 6.6, and revenue of $232M. The company maintains a gross margin of 100.0% and a net margin of 1002.3%. Return on equity stands at 12.8%.
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.