Is Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) 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 | -34.5% | |
| Net Margin | 1646.5% | |
| Return on Equity (ROE) | 12.6% | |
| Return on Assets (ROA) | -0.2% |
Cash Flow & Balance Sheet
| Current Ratio | 0.2 |
| Total Assets | $2.5B |
Price & Trading
| Last Close | $13.43 |
| 50-Day MA | $14.70 |
| 200-Day MA | $15.36 |
| Avg Volume | 228K |
| Beta | 1.0 |
|
52-Week Range
$11.82
| |
About Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY)
Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies. It also writes S&P 500 Index call options with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received. The Fund also normally invests in issuers located in at least three countries including the United States. It also invests through derivatives. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 80% S&P 500 Index and 20% FTSE Eurotop 100 Index. Eaton Vance Tax-Managed Diversified Equity Income Fund was formed on November 30, 2006 and is domiciled in the United States.
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Frequently Asked Questions
Is Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eaton Vance Tax-Managed Diversified 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 Tax-Managed Diversified Equity Income Fund's debt ratio?
Eaton Vance Tax-Managed Diversified 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 Tax-Managed Diversified Equity Income Fund's key financial metrics?
Eaton Vance Tax-Managed Diversified Equity Income Fund has a market capitalization of $2.1B, trailing P/E ratio of 6.8, and revenue of $307M. The company maintains a gross margin of 100.0% and a net margin of 1646.5%. Return on equity stands at 12.6%.
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.