Is VLT halal?
Invesco High Income Trust II
Not halal
Invesco High Income Trust II did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
8.87
Day
+0.00%
Market cap
$59.3M
Industry
Asset Management
Sector
Financial Services
What the company does
Invesco High Income Trust II is NOT an operating company but a closed-end fund investing in high-yield (below-investment-grade) corporate bonds. Its income is bond interest.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $30.55M ÷ current market cap $59.25M = 51.6%
51.6%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $276K ÷ current market cap $59.25M = 0.5%
0.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $7.15M ÷ annual revenue $4.80M (2026) = 148.9%
148.9%
Fail
Figures from the company's filings (2026-02-28), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 2.1% of total assets (2026-02-28). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.