Is Nuveen Global High Income Fund (JGH) 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
| Operating Cash Flow | $26M |
| Free Cash Flow | $26M |
| Total Debt | $126M |
| Total Assets | $463M |
Price & Trading
| Last Close | $12.05 |
| 50-Day MA | $12.68 |
| 200-Day MA | $12.93 |
| Avg Volume | 114K |
|
52-Week Range
$10.51
| |
About Nuveen Global High Income Fund (JGH)
Nuveen Global High Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S. high-yield bonds from developed and emerging markets, corporate debt securities, U.S. and foreign government debt securities, mortgage and asset-backed securities, preferred securities, secured and unsecured loans, and convertible debt securities. It seeks to invest in below investment grade securities rated BB/Ba or lower. The fund uses a diversified global high-income strategy, which blends high-yield bonds and other income producing securities from around the world, and across the capital structure and credit spectrum, to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Global High Yield Index. Nuveen Global High Income Fund was formed on August 5, 2014 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Global High Income Fund (JGH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Global High 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 Nuveen Global High Income Fund's debt ratio?
Nuveen Global High 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 Nuveen Global High Income Fund's key financial metrics?
Nuveen Global High Income Fund has a market capitalization of $335M, trailing P/E ratio of 10.1, and revenue of $40M.
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.