Is REAVES UTILITY INCOME FUND (UTG) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 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 | 65.9% | |
| Net Margin | 824.5% | |
| Return on Equity (ROE) | 24.1% | |
| Return on Assets (ROA) | 1.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$114M |
| Free Cash Flow | -$114M |
| Total Debt | $875M |
| Debt-to-Equity | 24.8 |
| Current Ratio | 0.0 |
| Total Assets | $4.4B |
Price & Trading
| Last Close | $39.31 |
| 50-Day MA | $39.48 |
| 200-Day MA | $38.06 |
| Avg Volume | 282K |
| Beta | 0.9 |
|
52-Week Range
$27.55
| |
About REAVES UTILITY INCOME FUND (UTG)
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.
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Frequently Asked Questions
Is REAVES UTILITY INCOME FUND (UTG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), REAVES UTILITY INCOME 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 REAVES UTILITY INCOME FUND's debt ratio?
REAVES UTILITY INCOME 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 REAVES UTILITY INCOME FUND's key financial metrics?
REAVES UTILITY INCOME FUND has a market capitalization of $3.6B, trailing P/E ratio of 4.6, and revenue of $775M. The company maintains a gross margin of 100.0% and a net margin of 824.5%. Return on equity stands at 24.1%.
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.