What is Nuveen Multi-Market Income Fund's Shariah compliance score?

Nuveen Multi-Market Income Fund's (JMM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Multi-Market Income Fund pass AAOIFI screening?

Nuveen Multi-Market Income Fund (JMM) 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% (JMM: 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 Multi-Market 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 Multi-Market Income Fund (JMM) using the latest financial data.

Where can I screen Nuveen Multi-Market Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Multi-Market Income Fund (JMM) 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 JMM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

JMM: Is Nuveen Multi-Market Income Fund Halal?

Nuveen Multi-Market Income Fund

NYSEFinancial ServicesUS

$5.76

+0.44%

Market Cap: 54.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Multi-Market Income Fund (JMM) halal? Not Halal. Based on AAOIFI screening, Nuveen Multi-Market 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.

80.2% of 5.0% limit

80% of the basket's holdings were screened individually.

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

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% (80.2%)

Basket Composition

80% 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.

80%

20%

Halal0%

Doubtful0%

Not Halal80%

Unknown20%

Top Holdings

US 5YR NOTE (CBT) Jun26Unknown8.40%US 10yr Ultra Fut Jun26Unknown6.51%US ULTRA BOND CBT Jun26Unknown4.85%Fannie MaeNot Halal1.97%Fannie Mae - CASNot Halal1.43%Freddie Mac STACR REMIC Trust 2023-HQA1Not Halal1.35%Connecticut Avenue Securities Trust 2023-R06Not Halal1.33%Fannie MaeNot Halal1.30%Freddie MacNot Halal1.13%Fannie Mae PoolNot Halal1.07%

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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Sprott Physical Silver Trust

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PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Frequently Asked Questions

Is Nuveen Multi-Market Income Fund (JMM) halal to invest in?

Nuveen Multi-Market Income Fund (JMM) 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 Multi-Market Income Fund get a F compliance rating?

Nuveen Multi-Market 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 Multi-Market Income Fund's Shariah verdict?

Nuveen Multi-Market 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 Multi-Market Income Fund re-screened for Shariah compliance?

Nuveen Multi-Market Income Fund (JMM) 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.