Is ALLSPRING UTILITIES & HIGH INCOME FUND (ERH) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2024
| 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 | 81.4% | |
| Net Margin | 375.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $10M |
| Free Cash Flow | $10M |
| Total Debt | $30M |
| Debt-to-Equity | 26.4 |
| Current Ratio | 0.1 |
| Total Assets | $139M |
Price & Trading
| Last Close | $11.79 |
| 50-Day MA | $12.14 |
| 200-Day MA | $12.09 |
| Avg Volume | 27K |
|
52-Week Range
$9.98
| |
About ALLSPRING UTILITIES & HIGH INCOME FUND (ERH)
Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to invest in non-investment grade securities. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States.
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Frequently Asked Questions
Is ALLSPRING UTILITIES & HIGH INCOME FUND (ERH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ALLSPRING UTILITIES & HIGH 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 ALLSPRING UTILITIES & HIGH INCOME FUND's debt ratio?
ALLSPRING UTILITIES & HIGH 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 ALLSPRING UTILITIES & HIGH INCOME FUND's key financial metrics?
ALLSPRING UTILITIES & HIGH INCOME FUND has a market capitalization of $105M, trailing P/E ratio of 6.9, and revenue of $20M. The company maintains a gross margin of 100.0% and a net margin of 375.6%.
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.