Compliance Status
Not Halal
Screened on Oct 12, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, BNY Mellon Municipal Bond Infrastructure Fund, Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/DMB
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
DMB: Is BNY Mellon Municipal Bond Infrastructure Fund, Inc. Halal?
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
$9.32
Market Cap: 171.5M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why DMB is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks 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 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.