What is Eaton Vance Municipal Income Trust's Shariah compliance score?

Eaton Vance Municipal Income Trust's (EVN) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Eaton Vance Municipal Income Trust pass AAOIFI screening?

Eaton Vance Municipal Income Trust (EVN) 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% (EVN: 0.0%), (3) interest-bearing deposits below 30% (EVN: 0.0%), and (4) prohibited income below 5% (EVN: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Eaton Vance Municipal Income Trust stock?

Eaton Vance Municipal Income Trust (EVN) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EVN 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 Eaton Vance Municipal Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eaton Vance Municipal Income Trust (EVN) 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 EVN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EVN: Is Eaton Vance Municipal Income Trust Halal?

Eaton Vance Municipal Income Trust

NYSEFinancial ServicesUS

$10.91

-0.61%

Market Cap: 435.5M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Eaton Vance Municipal Income Trust (EVN) halal? Not Halal. Based on AAOIFI screening, Eaton Vance Municipal Income Trust 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.

144.1% of 5.0% limit

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

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

AAOIFI Standard 21Updated Jul 14, 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% (144.1%)

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.

144%

Halal0%

Doubtful0%

Not Halal144%

Unknown0%

Top Holdings

County of DeKalb GA Water & Sewerage RevenueNot Halal4.16%County of Miami-Dade FLNot Halal2.89%City of Los Angeles Department of AirportsNot Halal2.66%Gerald R Ford International Airport AuthorityNot Halal2.56%State of CaliforniaNot Halal2.47%New York City Transitional Finance AuthorityNot Halal2.47%San Francisco City & County Airport Comm-San Francisco International AirportNot Halal2.46%JEA Water & Sewer System RevenueNot Halal2.44%Omaha Public Power DistrictNot Halal2.44%Hays Consolidated Independent School DistrictNot Halal2.44%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Eaton Vance Municipal Income Trust (EVN) halal to invest in?

Eaton Vance Municipal Income Trust (EVN) 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 Eaton Vance Municipal Income Trust get a F compliance rating?

Eaton Vance Municipal Income Trust'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 Eaton Vance Municipal Income Trust's Shariah verdict?

Eaton Vance Municipal Income Trust'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 Eaton Vance Municipal Income Trust re-screened for Shariah compliance?

Eaton Vance Municipal Income Trust (EVN) 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 14, 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.