Does BNY Mellon Municipal Bond Infrastructure Fund, Inc. pass AAOIFI screening?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) 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% (DMB: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for BNY Mellon Municipal Bond Infrastructure Fund, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) using the latest financial data.

Where can I screen BNY Mellon Municipal Bond Infrastructure Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about DMB's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

DMB: Is BNY Mellon Municipal Bond Infrastructure Fund, Inc. Halal?

BNY Mellon Municipal Bond Infrastructure Fund, Inc.

NYSEFinancial ServicesUS

$10.51

+0.29%

Market Cap: 193.4M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) halal? Not Halal. Based on AAOIFI screening, BNY Mellon Municipal Bond Infrastructure Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

100.0% of 5.0% limit

100% of the basket's holdings were screened individually.

About BNY Mellon Municipal Bond Infrastructure Fund, Inc.

The BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed-end investment vehicle specializing in fixed income, operating under the guidance of BNY Mellon Investment Adviser, Inc. The fund primarily allocates capital to tax-exempt, investment-grade debt instruments issued within the United States. These securities originate from states, U.S. territories, the District of Columbia, their various political subdivisions, agencies, instrumentalities, or multistate authorities, alongside other specific eligible assets. A significant portion of its portfolio targets the infrastructure sector, encompassing transportation, energy, utilities, social infrastructure, and water and environmental projects, among other public sectors. To be included, bonds must possess an investment-grade rating of at least BBB- from S&P and Fitch, or Baa3 from Moody's, and the fund maintains an effective duration ceiling of 14 years. Utilizing a comprehensive investment strategy, the fund combines fundamental and quantitative analysis with a bottom-up security selection methodology. Its objective is to capitalize on pricing disparities within the municipal bond market by assessing the relative value and appeal of diverse sectors and individual securities. Portfolio construction involves active adjustments across sectors, driven by factors such as prevailing economic and monetary conditions, interest rate trends, general money market dynamics, municipal bond market status, the size and maturity of specific offerings, and credit ratings. Founded on April 25, 2013, and domiciled in the United States, the fund was previously known as Dreyfus Municipal Bond Infrastructure Fund, Inc.

Sector: Financial Services · Industry: Asset Management - Bonds

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (100.0%)

Basket Composition

100% 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 Halal100%

Unknown0%

Top Holdings

MUSKINGUM COUNTY HOSPITAL FACILITIES (OH)Not Halal1.87%LONG BEACH BOND FINANCE AUTHORITY (CA)Not Halal1.73%BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY (OH)Not Halal1.61%SALT VERDE FINANCIAL CORP (AZ)Not Halal1.59%MARYLAND ECONOMIC DEVELOPMENT CORP (MD)Not Halal1.27%MEDINA VALLEY INDEPENDENT SCHOOL (TX)Not Halal1.23%MONTANA FAC FIN AUTHNot Halal1.21%RHODE ISLAND INFRASTUCTURE BANKNot Halal1.16%CHILDREN'S HEALTHCARE OF ATLANTA INCNot Halal1.15%BIRMINGHAM SPECIAL CARE FACILITIES FINANCING (AL)Not Halal1.13%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) halal to invest in?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did BNY Mellon Municipal Bond Infrastructure Fund, Inc. get a F compliance rating?

BNY Mellon Municipal Bond Infrastructure Fund, Inc.'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 BNY Mellon Municipal Bond Infrastructure Fund, Inc.'s Shariah verdict?

BNY Mellon Municipal Bond Infrastructure Fund, Inc.'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 BNY Mellon Municipal Bond Infrastructure Fund, Inc. re-screened for Shariah compliance?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) 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: Aug 26, 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.