Is Nuveen Preferred & Income Opportunities Fund (JPC) 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 | 86.2% | |
| Net Margin | 93.9% | |
| Return on Equity (ROE) | 9.7% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$80M |
| Free Cash Flow | -$80M |
| Total Debt | $1.1B |
| Debt-to-Equity | 44.7 |
| Current Ratio | 0.2 |
| Total Assets | $4.2B |
Price & Trading
| Last Close | $7.65 |
| 50-Day MA | $8.10 |
| 200-Day MA | $8.10 |
| Avg Volume | 1.0M |
| Beta | 0.7 |
|
52-Week Range
$6.79
| |
About Nuveen Preferred & Income Opportunities Fund (JPC)
Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in preferred securities, dividend paying stocks of companies, and corporate and taxable municipal debt securities which are rated BBB/Baa or better by S&P, Moody's, or Fitch. The fund employs fundamental analysis with a top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the BofA/Merrill Lynch Preferred Stock Fixed Rate Index and the JPC Blended Index which is comprised of 82.5% BofA/Merrill Lynch Preferred Stock Fixed Rate Index and 17.5% Barclays Capital Securities Index. The fund was formerly known as Nuveen Preferred Income Opportunities Fund. Nuveen Preferred & Income Opportunities Fund was formed on March 26, 2003 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Preferred & Income Opportunities Fund (JPC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Preferred & Income Opportunities 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 Preferred & Income Opportunities Fund's debt ratio?
Nuveen Preferred & Income Opportunities 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 Preferred & Income Opportunities Fund's key financial metrics?
Nuveen Preferred & Income Opportunities Fund has a market capitalization of $2.8B, trailing P/E ratio of 9.5, and revenue of $387M. The company maintains a gross margin of 100.0% and a net margin of 93.9%. 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.