Is John Hancock Diversified Income Fund (HEQ) Halal?

NYSE Financial Services United States $127M
✗ NOT HALAL
Confidence: 95/100
John Hancock Diversified Income Fund (HEQ) 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 December 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
6.7
EPS
$1.56
Dividend Yield
951.0%
Payout: 64.1%
Revenue
$20M

Profitability

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

Cash Flow & Balance Sheet

Total Assets$148M

Price & Trading

Last Close$10.67
50-Day MA$11.12
200-Day MA$10.80
Avg Volume51K
52-Week Range
$9.23
$11.58

About John Hancock Diversified Income Fund (HEQ)

CEO
Mr. Gregg R. Thomas C.F.A.
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$127M
Currency
USD

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity & Income Fund was formed on May 26, 2011 and is domiciled in the United States.

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Frequently Asked Questions

Is John Hancock Diversified Income Fund (HEQ) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), John Hancock Diversified 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 John Hancock Diversified Income Fund's debt ratio?

John Hancock Diversified 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 John Hancock Diversified Income Fund's key financial metrics?

John Hancock Diversified Income Fund has a market capitalization of $127M, trailing P/E ratio of 6.7, and revenue of $20M.

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.