Is NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) Halal?

NYSE Financial Services United States $741M
✗ NOT HALAL
Confidence: 95/100
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from May 2025

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

P/E Ratio
6.9
EPS
$2.06
Dividend Yield
1054.0%
Payout: 72.8%
Revenue
$93M

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%

Cash Flow & Balance Sheet

Operating Cash Flow$86M
Free Cash Flow$86M
Total Debt$256M
Total Assets$1.1B

Price & Trading

Last Close$14.20
50-Day MA$14.75
200-Day MA$14.35
Avg Volume204K
52-Week Range
$11.40
$15.89

About NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI)

Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$741M
Currency
USD

NYLI CBRE Global Infrastructure Megatrends Term Fund is headquartered in New York, New York.

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Frequently Asked Questions

Is NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), NYLI CBRE Global Infrastructure Megatrends Term 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 NYLI CBRE Global Infrastructure Megatrends Term Fund's debt ratio?

NYLI CBRE Global Infrastructure Megatrends Term 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 NYLI CBRE Global Infrastructure Megatrends Term Fund's key financial metrics?

NYLI CBRE Global Infrastructure Megatrends Term Fund has a market capitalization of $741M, trailing P/E ratio of 6.9, and revenue of $93M.

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.