Is Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) Halal?

NYSE Financial Services United States $2.5B
✗ NOT HALAL
Confidence: 95/100
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) 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 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

P/E Ratio
6.1
EPS
$1.37
Dividend Yield
949.0%
Payout: 57.6%
Revenue
$420M

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%

Cash Flow & Balance Sheet

Total Assets$3.0B

Price & Trading

Last Close$8.50
50-Day MA$9.38
200-Day MA$9.12
Avg Volume542K
52-Week Range
$6.74
$9.78

About Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG)

Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$2.5B
Currency
USD

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies. The fund also invests through derivatives. It also writes call options on one or more U.S. and foreign indices with respect to a portion of the value of its common stock portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. Eaton Vance Tax-Managed Global Diversified Equity Income Fund was formed on February 27, 2007 and is domiciled in the United States.

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Frequently Asked Questions

Is Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) halal to invest in?

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

Eaton Vance Tax-Managed Global 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 Global Diversified Equity Income Fund's key financial metrics?

Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a market capitalization of $2.5B, trailing P/E ratio of 6.1, and revenue of $420M.

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.