Is HIGH INCOME SECURITIES FUND (PCF) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 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 | 61.3% | |
| Net Margin | 129.3% | |
| Return on Equity (ROE) | 6.6% | |
| Return on Assets (ROA) | 2.3% |
Cash Flow & Balance Sheet
| Current Ratio | 2.2 |
| Total Assets | $132M |
Price & Trading
| Last Close | $5.49 |
| 50-Day MA | $5.91 |
| 200-Day MA | $6.20 |
| Avg Volume | 91K |
| Beta | 0.7 |
|
52-Week Range
$5.36
| |
About HIGH INCOME SECURITIES FUND (PCF)
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.
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Frequently Asked Questions
Is HIGH INCOME SECURITIES FUND (PCF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HIGH INCOME SECURITIES 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 HIGH INCOME SECURITIES FUND's debt ratio?
HIGH INCOME SECURITIES 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 HIGH INCOME SECURITIES FUND's key financial metrics?
HIGH INCOME SECURITIES FUND has a market capitalization of $103M, trailing P/E ratio of 8.6, and revenue of $13M. The company maintains a gross margin of 100.0% and a net margin of 129.3%. Return on equity stands at 6.6%.
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.