Is WESTERN ASSET HIGH INCOME FUND II INC. (HIX) Halal?
Shariah Screening — 5 Standards
Based on financial data from April 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 | 89.5% | |
| Net Margin | 79.2% | |
| Return on Equity (ROE) | 9.7% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $48M |
| Free Cash Flow | $48M |
| Total Debt | $193M |
| Debt-to-Equity | 47.7 |
| Current Ratio | 0.1 |
| Total Assets | $586M |
Price & Trading
| Last Close | $3.79 |
| 50-Day MA | $4.12 |
| 200-Day MA | $4.23 |
| Avg Volume | 365K |
| Beta | 1.0 |
|
52-Week Range
$3.65
| |
About WESTERN ASSET HIGH INCOME FUND II INC. (HIX)
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
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Frequently Asked Questions
Is WESTERN ASSET HIGH INCOME FUND II INC. (HIX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WESTERN ASSET HIGH INCOME FUND II INC. 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 WESTERN ASSET HIGH INCOME FUND II INC.'s debt ratio?
WESTERN ASSET HIGH INCOME FUND II INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are WESTERN ASSET HIGH INCOME FUND II INC.'s key financial metrics?
WESTERN ASSET HIGH INCOME FUND II INC. has a market capitalization of $339M, trailing P/E ratio of 8.7, and revenue of $33M. The company maintains a gross margin of 100.0% and a net margin of 79.2%. 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.