Is JOHN HANCOCK PREFERRED INCOME FUND (HPI) Halal?
Shariah Screening — 5 Standards
Based on financial data from July 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 | 88.4% | |
| Net Margin | 77.5% | |
| Return on Equity (ROE) | 8.6% | |
| Return on Assets (ROA) | 3.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $37M |
| Free Cash Flow | $37M |
| Total Debt | $257M |
| Debt-to-Equity | 59.9 |
| Current Ratio | 7.1 |
| Total Assets | $689M |
Price & Trading
| Last Close | $15.68 |
| 50-Day MA | $16.11 |
| 200-Day MA | $16.45 |
| Avg Volume | 61K |
| Beta | 0.8 |
|
52-Week Range
$14.61
| |
About JOHN HANCOCK PREFERRED INCOME FUND (HPI)
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund was formed on August 27, 2002 and is domiciled in the United States.
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Frequently Asked Questions
Is JOHN HANCOCK PREFERRED INCOME FUND (HPI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), JOHN HANCOCK PREFERRED 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 PREFERRED INCOME FUND's debt ratio?
JOHN HANCOCK PREFERRED 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 PREFERRED INCOME FUND's key financial metrics?
JOHN HANCOCK PREFERRED INCOME FUND has a market capitalization of $409M, trailing P/E ratio of 11.2, and revenue of $62M. The company maintains a gross margin of 100.0% and a net margin of 77.5%. Return on equity stands at 8.6%.
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.