Is ERC (ERC) 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 | 90.1% | |
| Net Margin | 93.5% | |
| Return on Equity (ROE) | 9.7% | |
| Return on Assets (ROA) | 4.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $24M |
| Free Cash Flow | $24M |
| Total Debt | $119M |
| Debt-to-Equity | 42.2 |
| Current Ratio | 0.1 |
| Total Assets | $409M |
Price & Trading
| Last Close | $8.90 |
| 50-Day MA | $9.26 |
| 200-Day MA | $9.39 |
| Avg Volume | 106K |
| Beta | 0.6 |
|
52-Week Range
$8.44
| |
About ERC (ERC)
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.
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Frequently Asked Questions
Is ERC (ERC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ERC 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 ERC's debt ratio?
ERC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ERC's key financial metrics?
ERC has a market capitalization of $247M, trailing P/E ratio of 9.2, and revenue of $28M. The company maintains a gross margin of 100.0% and a net margin of 93.5%. Return on equity stands at 9.7%.
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.