What is Nuveen Mortgage and Income Fund's Shariah compliance score?

Nuveen Mortgage and Income Fund's (JLS) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Mortgage and Income Fund pass AAOIFI screening?

Nuveen Mortgage and Income Fund (JLS) 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% (JLS: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Nuveen Mortgage and Income Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Nuveen Mortgage and Income Fund (JLS) using the latest financial data.

Where can I screen Nuveen Mortgage and Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Mortgage and Income Fund (JLS) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about JLS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

JLS: Is Nuveen Mortgage and Income Fund Halal?

Nuveen Mortgage and Income Fund

NYSEFinancial ServicesUS

$16.99

+0.95%

Market Cap: 93.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Mortgage and Income Fund (JLS) halal? Not Halal. Based on AAOIFI screening, Nuveen Mortgage and Income Fund 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.

100.0% of 5.0% limit

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

About Nuveen Mortgage and Income Fund

The Nuveen Mortgage and Income Fund functions as a closed-end mutual fund concentrating on fixed-income assets, originally founded by Nuveen Investments, Inc. Its oversight is a collaborative effort between Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. The fund directs its investments towards the United States' fixed income markets, primarily targeting undervalued mortgage-backed securities (MBS). These include, but are not limited to, non-agency residential and commercial MBS, with the goal of achieving strong total returns. It also strategically seeks out securities classified as below investment grade. To build its portfolio, the fund utilizes a fundamental, bottom-up analytical approach. This rigorous process assesses the credit performance of the underlying mortgage loan portfolios, the structural characteristics of the MBS (such as payment priority, credit enhancement, and default patterns of the underlying loans), and the financial strength of the mortgage loan servicers. Its performance is benchmarked against the Barclays Capital U.S. Aggregate Bond Index. Formerly recognized as the Nuveen Mortgage Opportunity Term Fund, this fund was established on September 10, 2009, and maintains its domicile in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (100.0%)

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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

Federal Home Loan Bank Discount NotesNot Halal3.50%Freddie Mac - STACRNot Halal3.32%Fannie Mae - CASNot Halal3.14%Freddie Mac - STACRNot Halal2.51%Fannie Mae - CASNot Halal2.47%Freddie Mac STACR REMIC Trust 2022-DNA3Not Halal2.33%Fannie Mae - CASNot Halal2.21%Freddie Mac STACR REMIC Trust 2022-DNA2Not Halal1.76%Fannie Mae - CASNot Halal1.76%Fannie Mae - CASNot Halal1.75%

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 Nuveen Mortgage and Income Fund (JLS) halal to invest in?

Nuveen Mortgage and Income Fund (JLS) 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 Nuveen Mortgage and Income Fund get a F compliance rating?

Nuveen Mortgage and Income Fund'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 Nuveen Mortgage and Income Fund's Shariah verdict?

Nuveen Mortgage and Income Fund'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 Nuveen Mortgage and Income Fund re-screened for Shariah compliance?

Nuveen Mortgage and Income Fund (JLS) 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: Aug 26, 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.