What is BlackRock Municipal Income Quality Trust's Shariah compliance score?

BlackRock Municipal Income Quality Trust (BYM) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does BlackRock Municipal Income Quality Trust pass AAOIFI screening?

BlackRock Municipal Income Quality Trust (BYM) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (BYM: 0.0%), (3) interest-bearing deposits below 30% (BYM: 0.0%), and (4) prohibited income below 5% (BYM: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for BlackRock Municipal Income Quality Trust stock?

BlackRock Municipal Income Quality Trust (BYM) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BYM shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen BlackRock Municipal Income Quality Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock Municipal Income Quality Trust (BYM) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BYM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BYM: Is BlackRock Municipal Income Quality Trust Halal?

BlackRock Municipal Income Quality Trust

NYSEFinancial ServicesUS

$11.05

-0.04%

Market Cap: 286.2M

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

AAOIFI Standard 21Updated Jul 15, 2026

Basket Composition

0% of basket screened

ETFs 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.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

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.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is BlackRock Municipal Income Quality Trust (BYM) halal to invest in?

BlackRock Municipal Income Quality Trust (BYM) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did BlackRock Municipal Income Quality Trust get a C+ compliance rating?

BlackRock Municipal Income Quality Trust's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change BlackRock Municipal Income Quality Trust's Shariah verdict?

BlackRock Municipal Income Quality Trust's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is BlackRock Municipal Income Quality Trust re-screened for Shariah compliance?

BlackRock Municipal Income Quality Trust (BYM) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.