Is Eaton Vance Enhanced Equity Income Fund (EOI) Halal?

NYSE Financial Services United States $742M
✗ NOT HALAL
Confidence: 95/100
Eaton Vance Enhanced Equity Income Fund (EOI) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

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

P/E Ratio
7.5
EPS
$2.41
Dividend Yield
887.0%
Payout: 66.6%
P/B Ratio
0.9
Revenue
$98M
Beta
1.1
Average volatility
Current Ratio
0.1

Profitability

Gross Margin 100.0%
Operating Margin -36.1%
Net Margin 1498.5%

Cash Flow & Balance Sheet

Current Ratio0.1
Total Assets$876M

Price & Trading

Last Close$18.61
50-Day MA$20.15
200-Day MA$20.53
Avg Volume77K
Beta1.1
52-Week Range
$15.50
$21.58

About Eaton Vance Enhanced Equity Income Fund (EOI)

Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$742M
Currency
USD

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. 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 invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities. It benchmarks the performance of its portfolio against S&P 500 Index. Eaton Vance Enhanced Equity Income Fund was formed on October 29, 2004 and is domiciled in the United States.

Related Halal Stocks in Financial Services

Frequently Asked Questions

Is Eaton Vance Enhanced Equity Income Fund (EOI) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eaton Vance Enhanced Equity 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 Eaton Vance Enhanced Equity Income Fund's debt ratio?

Eaton Vance Enhanced Equity 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 Eaton Vance Enhanced Equity Income Fund's key financial metrics?

Eaton Vance Enhanced Equity Income Fund has a market capitalization of $742M, trailing P/E ratio of 7.5, and revenue of $98M. The company maintains a gross margin of 100.0% and a net margin of 1498.5%.

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.