Is Nuveen Core Equity Alpha Fund (JCE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Total Assets | $259M |
Price & Trading
| Last Close | $14.45 |
| 50-Day MA | $15.61 |
| 200-Day MA | $15.62 |
| Avg Volume | 47K |
|
52-Week Range
$12.51
| |
About Nuveen Core Equity Alpha Fund (JCE)
Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options. It invests in stocks of companies operating across diversified sectors. It primarily invests in stocks of large-cap companies with market capitalization within the range of S&P 500 Index. The fund employs quantitative analysis to create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. Nuveen Core Equity Alpha Fund was formed on March 23, 2007 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Core Equity Alpha Fund (JCE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Core Equity Alpha 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 Nuveen Core Equity Alpha Fund's debt ratio?
Nuveen Core Equity Alpha 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 Nuveen Core Equity Alpha Fund's key financial metrics?
Nuveen Core Equity Alpha Fund has a market capitalization of $240M, trailing P/E ratio of 5.2, and revenue of $57M.
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.