Is Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) 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
| Total Assets | $1.4B |
Price & Trading
| Last Close | $26.22 |
| 50-Day MA | $27.69 |
| 200-Day MA | $27.38 |
| Avg Volume | 132K |
|
52-Week Range
$20.34
| |
About Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX)
Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the stocks of large-cap companies. The fund also invests through index call options. It seeks to replicate the performance of its portfolio against the NASDAQ 100 Index. The fund was previously known as NASDAQ Premium Income & Growth Fund Inc. Nuveen Nasdaq 100 Dynamic Overwrite Fund was formed on January 30, 2007 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund's debt ratio?
Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund's key financial metrics?
Nuveen NASDAQ 100 Dynamic Overwrite Fund has a market capitalization of $1.2B, trailing P/E ratio of 6.8, and revenue of $321M.
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.