What is BNY Mellon Strategic Municipal Bond Fund, Inc.'s Shariah compliance score?

BNY Mellon Strategic Municipal Bond Fund, Inc.'s (DSM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

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

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) 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% (DSM: 0.0%), (3) interest-bearing deposits below 30% (DSM: 0.0%), and (4) prohibited income below 5% (DSM: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from DSM 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 BNY Mellon Strategic Municipal Bond Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) 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 DSM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

DSM: Is BNY Mellon Strategic Municipal Bond Fund, Inc. Halal?

BNY Mellon Strategic Municipal Bond Fund, Inc.

NYSEFinancial ServicesUS

$6.15

+0.57%

Market Cap: 303.7M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) halal? Not Halal. Based on AAOIFI screening, BNY Mellon Strategic Municipal Bond 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.

151.0% of 5.0% limit

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

About BNY Mellon Strategic Municipal Bond Fund, Inc.

Operated by BNY Mellon Investment Adviser, Inc., the BNY Mellon Strategic Municipal Bond Fund, Inc. functions as a closed-end mutual fund concentrating on fixed income investments. Its portfolio is primarily directed towards the U.S. fixed income sector, with a significant emphasis on high-quality municipal bonds that offer federal income tax exemption. A core tenet of its investment strategy is to uphold a weighted average maturity exceeding ten years. Established in the United States on November 22, 1989, the fund was formerly known as Dreyfus Strategic Municipal Bond Fund, Inc.

Sector: Financial Services · Industry: Asset Management - Bonds

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 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% (151.0%)

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.

151%

Halal0%

Doubtful0%

Not Halal151%

Unknown0%

Top Holdings

SOUTH CAROLINA PUB SVC AUTHNot Halal3.25%IL CHIWTR 5.25 11/01/2053Not Halal3.19%OKLAHOMA ST WTR RES BRDNot Halal2.92%NEW YORK N Y CITY TRANSITIONAL FIN AUTHNot Halal2.82%PA PASTRN 4 12/01/2051Not Halal2.80%HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMNNot Halal2.42%FL MIAUTL 4 10/01/2049Not Halal2.11%NY TRBTRN 4.12 05/15/2064Not Halal2.04%BUCKEYE OHIO TOB SETTLEMENT FING AUTHNot Halal2.02%MASSACHUSETTS ST TRANSN FDNot Halal1.91%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

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 Strategic Municipal Bond Fund, Inc. (DSM) halal to invest in?

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) 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 Strategic Municipal Bond Fund, Inc. get a F compliance rating?

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

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

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) 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.