Compliance Status
Not Halal
Screened on Oct 10, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Multi-Market Income Fund (JMM) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Multi-Market 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 Multi-Market Income Fund (JMM) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/JMM
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
81% of the basket's holdings were screened individually.
JMM: Is Nuveen Multi-Market Income Fund Halal?
Nuveen Multi-Market Income Fund
$5.47
Market Cap: 51.8M
Get an email if JMM's halal status changes
We re-screen Nuveen Multi-Market Income Fund daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
About Nuveen Multi-Market Income Fund
The Nuveen Multi-Market Income Fund is a closed-end mutual fund concentrating on fixed income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets of the United States, with a strategy involving the acquisition of securities from companies operating across a variety of sectors. A core component of its portfolio consists of investment-grade debt instruments, which include U.S. agency and privately issued mortgage-backed securities, corporate debt, and asset-backed securities. Historically, the fund was known as American Income Fund, Inc. It commenced operations on December 30, 1988, 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 JMM 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% (80.8%)
Basket Composition
81% 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:
More Financial Services Stocks
Know the day JMM's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Nuveen Multi-Market Income Fund (JMM) halal to invest in?
Why did Nuveen Multi-Market Income Fund get a F compliance rating?
What could change Nuveen Multi-Market Income Fund's Shariah verdict?
How often is Nuveen Multi-Market Income Fund re-screened for Shariah compliance?
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.