Is BlackRock Municipal Income Quality Trust (BYM) halal? Not Halal. Based on AAOIFI screening, BlackRock Municipal Income Quality Trust passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
BYM — Is BlackRock Municipal Income Quality Trust Halal?
UnknownBlackRock Municipal Income Quality Trust
$11.05
-0.04%
About BlackRock Municipal Income Quality Trust
BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax. BlackRock Municipal Income Quality Trust was formed on October 31, 2002 and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Basket Composition
0% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Compliance History
Under Review — unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
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Financial Overview
Market Cap
286.2M
Price
$11.05
Sector
Financial Services
Industry
Asset Management - Income
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.