Compliance Status
Not Halal
Screened on Oct 17, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Eaton Vance Municipal Income Trust (EVN) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Eaton Vance Municipal Income Trust 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 Eaton Vance Municipal Income Trust (EVN) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 17, 2026. Source: https://halalscreener.app/en/stock/EVN
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.
EVN: Is Eaton Vance Municipal Income Trust Halal?
Eaton Vance Municipal Income Trust
$9.58
Market Cap: 382.3M
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About Eaton Vance Municipal Income Trust
The Eaton Vance Municipal Income Trust functions as a closed-end investment vehicle, with its management overseen by Eaton Vance Management. Its core strategy involves primarily allocating capital to high-quality municipal debt instruments. These investments are diversified across numerous public sector areas, including cogeneration, education, electric utilities, general obligations, healthcare, hospitals, housing, transportation, and nursing homes. This fund was founded in 1998 and maintains its domicile in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why EVN 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 Jun 2026
Under Review
until the change above
Tracked since May 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.