Is ELLSWORTH GROWTH & INCOME FUND LTD (ECF) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 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 | 65.2% | |
| Net Margin | 866.9% | |
| Return on Equity (ROE) | 25.3% | |
| Return on Assets (ROA) | 1.2% |
Cash Flow & Balance Sheet
| Current Ratio | 1.4 |
| Total Assets | $210M |
Price & Trading
| Last Close | $11.05 |
| 50-Day MA | $11.89 |
| 200-Day MA | $11.46 |
| Avg Volume | 39K |
| Beta | 1.1 |
|
52-Week Range
$8.15
| |
About ELLSWORTH GROWTH & INCOME FUND LTD (ECF)
Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index. It was formerly known as Ellsworth Fund Ltd. Ellsworth Growth and Income Fund Ltd. was formed on June 27, 1986 and is domiciled in the United States.
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Frequently Asked Questions
Is ELLSWORTH GROWTH & INCOME FUND LTD (ECF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ELLSWORTH GROWTH & INCOME FUND LTD 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 ELLSWORTH GROWTH & INCOME FUND LTD's debt ratio?
ELLSWORTH GROWTH & INCOME FUND LTD's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ELLSWORTH GROWTH & INCOME FUND LTD's key financial metrics?
ELLSWORTH GROWTH & INCOME FUND LTD has a market capitalization of $148M, trailing P/E ratio of 3.0, and revenue of $49M. The company maintains a gross margin of 100.0% and a net margin of 866.9%. Return on equity stands at 25.3%.
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.