Compliance Status
Not Halal
Screened on Oct 17, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, BNY Mellon Strategic Municipal Bond 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 Strategic Municipal Bond Fund, Inc. (DSM) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 17, 2026. Source: https://halalscreener.app/en/stock/DSM
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.
DSM: Is BNY Mellon Strategic Municipal Bond Fund, Inc. Halal?
BNY Mellon Strategic Municipal Bond Fund, Inc.
$5.28
Market Cap: 261.0M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why DSM 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 Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Tracked since Jun 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.