Is Western Asset Investment Grade Income Fund Inc. (PAI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 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
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 86.3% | |
| Net Margin | 135.2% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 3.1% |
Cash Flow & Balance Sheet
| Current Ratio | 1.4 |
| Total Assets | $127M |
Price & Trading
| Last Close | $12.01 |
| 50-Day MA | $12.49 |
| 200-Day MA | $12.61 |
| Avg Volume | 14K |
| Beta | 0.5 |
|
52-Week Range
$11.41
| |
About Western Asset Investment Grade Income Fund Inc. (PAI)
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.
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Frequently Asked Questions
Is Western Asset Investment Grade Income Fund Inc. (PAI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Western Asset Investment Grade Income Fund Inc. 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 Western Asset Investment Grade Income Fund Inc.'s debt ratio?
Western Asset Investment Grade Income Fund Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Western Asset Investment Grade Income Fund Inc.'s key financial metrics?
Western Asset Investment Grade Income Fund Inc. has a market capitalization of $113M, trailing P/E ratio of 11.6, and revenue of $10M. The company maintains a gross margin of 100.0% and a net margin of 135.2%. 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.