Is Nuveen Real Asset Income & Growth Fund (JRI) 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 | $14M |
| Free Cash Flow | $14M |
| Total Debt | $183M |
| Total Assets | $550M |
Price & Trading
| Last Close | $12.07 |
| 50-Day MA | $12.89 |
| 200-Day MA | $13.35 |
| Avg Volume | 251K |
|
52-Week Range
$10.52
| |
About Nuveen Real Asset Income & Growth Fund (JRI)
Nuveen Real Asset Income and Growth Fund is an closed ended balanced 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 the public equity markets across the globe. The fund also makes its investments in depository receipts. It invests in stocks of companies operating in real estate sector. For the fixed income portion of its portfolio the fund invest in investment grade quality rated BB+/Ba1 or lower. Nuveen Real Asset Income and Growth Fund was formed on April 25, 2012 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Real Asset Income & Growth Fund (JRI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Real Asset Income & Growth 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 Real Asset Income & Growth Fund's debt ratio?
Nuveen Real Asset Income & Growth 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 Real Asset Income & Growth Fund's key financial metrics?
Nuveen Real Asset Income & Growth Fund has a market capitalization of $327M, trailing P/E ratio of 6.7, and revenue of $28M.
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.