Is DTF TAX-FREE INCOME 2028 TERM FUND INC (DTF) 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 | 66.6% | |
| Net Margin | 84.9% | |
| Return on Equity (ROE) | 2.7% | |
| Return on Assets (ROA) | 1.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $43M |
| Free Cash Flow | $43M |
| Current Ratio | 2.9 |
| Total Assets | $87M |
Price & Trading
| Last Close | $11.34 |
| 50-Day MA | $11.46 |
| 200-Day MA | $11.35 |
| Avg Volume | 8K |
| Beta | 0.3 |
|
52-Week Range
$10.95
| |
About DTF TAX-FREE INCOME 2028 TERM FUND INC (DTF)
DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. It invests in the fixed income markets of the United States. It was formerly known as DTF Tax-Free Income Inc. DTF Tax-Free Income 2028 Term Fund Inc. was formed on November, 1991 and is domiciled in the United States.
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Frequently Asked Questions
Is DTF TAX-FREE INCOME 2028 TERM FUND INC (DTF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), DTF TAX-FREE INCOME 2028 TERM FUND INC 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 DTF TAX-FREE INCOME 2028 TERM FUND INC's debt ratio?
DTF TAX-FREE INCOME 2028 TERM FUND INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are DTF TAX-FREE INCOME 2028 TERM FUND INC's key financial metrics?
DTF TAX-FREE INCOME 2028 TERM FUND INC has a market capitalization of $80M, trailing P/E ratio of 34.4, and revenue of $3M. The company maintains a gross margin of 100.0% and a net margin of 84.9%. Return on equity stands at 2.7%.
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.