Is Nuveen Credit Strategies Income Fund (JQC) 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 | 86.1% | |
| Net Margin | 59.6% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 4.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $83M |
| Free Cash Flow | $83M |
| Total Debt | $355M |
| Debt-to-Equity | 59.1 |
| Current Ratio | 0.0 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $4.72 |
| 50-Day MA | $4.95 |
| 200-Day MA | $5.19 |
| Avg Volume | 934K |
| Beta | 0.4 |
|
52-Week Range
$4.60
| |
About Nuveen Credit Strategies Income Fund (JQC)
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on factors such as interest rate levels, conditions and developing trends in the bond and equity markets, analysis of relative valuations for preferred, convertible and other debt instruments, and other economic and market factors, including the overall outlook for the economy and inflation to create its portfolio. The Fund uses leverage .It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. The fund was formerly known as Nuveen Multi-Strategy Income & Growth Fund 2. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Credit Strategies Income Fund (JQC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Credit Strategies 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 Credit Strategies Income Fund's debt ratio?
Nuveen Credit Strategies 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 Credit Strategies Income Fund's key financial metrics?
Nuveen Credit Strategies Income Fund has a market capitalization of $687M, trailing P/E ratio of 11.6, and revenue of $100M. The company maintains a gross margin of 100.0% and a net margin of 59.6%. Return on equity stands at 7.8%.
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.