Is RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Total Assets | $382M |
Price & Trading
| Last Close | $11.18 |
| 50-Day MA | $11.76 |
| 200-Day MA | $11.81 |
| Avg Volume | 100K |
|
52-Week Range
$9.82
| |
About RIVERNORTH OPPORTUNITIES FUND, INC. (RIV)
RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.
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Frequently Asked Questions
Is RIVERNORTH OPPORTUNITIES FUND, INC. (RIV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RIVERNORTH OPPORTUNITIES 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 RIVERNORTH OPPORTUNITIES FUND, INC.'s debt ratio?
RIVERNORTH OPPORTUNITIES 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 RIVERNORTH OPPORTUNITIES FUND, INC.'s key financial metrics?
RIVERNORTH OPPORTUNITIES FUND, INC. has a market capitalization of $301M, trailing P/E ratio of 4.8, and revenue of $36M.
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.