Compliance Status
Not Halal
Screened on Oct 11, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Mortgage and Income Fund (JLS) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Mortgage and Income Fund 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 Nuveen Mortgage and Income Fund (JLS) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/JLS
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.
JLS: Is Nuveen Mortgage and Income Fund Halal?
Nuveen Mortgage and Income Fund
$16.46
Market Cap: 90.1M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why JLS 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 Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 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.