Is Eaton Vance Floating-Rate Income Trust (EFT) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 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 | 89.3% | |
| Net Margin | 28.4% | |
| Return on Equity (ROE) | 3.7% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15M |
| Free Cash Flow | $15M |
| Total Debt | $119M |
| Debt-to-Equity | 52.4 |
| Current Ratio | 0.1 |
| Total Assets | $557M |
Price & Trading
| Last Close | $10.60 |
| 50-Day MA | $11.10 |
| 200-Day MA | $11.65 |
| Avg Volume | 130K |
| Beta | 0.5 |
|
52-Week Range
$10.35
| |
About Eaton Vance Floating-Rate Income Trust (EFT)
Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Floating-Rate Income Trust was formed on June 29, 2004 and is domiciled in the United States.
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Frequently Asked Questions
Is Eaton Vance Floating-Rate Income Trust (EFT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eaton Vance Floating-Rate Income Trust 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 Eaton Vance Floating-Rate Income Trust's debt ratio?
Eaton Vance Floating-Rate Income Trust's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Eaton Vance Floating-Rate Income Trust's key financial metrics?
Eaton Vance Floating-Rate Income Trust has a market capitalization of $275M, trailing P/E ratio of 21.6, and revenue of $20M. The company maintains a gross margin of 100.0% and a net margin of 28.4%. Return on equity stands at 3.7%.
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.