What is DWS Municipal Income Trust's Shariah compliance score?

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

Does DWS Municipal Income Trust pass AAOIFI screening?

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

How much purification is needed for DWS Municipal Income Trust stock?

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

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

KTF: Is DWS Municipal Income Trust Halal?

DWS Municipal Income Trust

NYSEFinancial ServicesUS

$9.19

+0.00%

Market Cap: 360.0M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is DWS Municipal Income Trust (KTF) halal? Not Halal. Based on AAOIFI screening, DWS 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.

153.8% of 5.0% limit

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

About DWS Municipal Income Trust

The Deutsche Municipal Income Trust, previously operating as DWS Municipal Income Trust, functions as a closed-end mutual fund focused on fixed-income securities. This fund, overseen by Deutsche Investment Management Americas, Inc., primarily deploys capital within the United States' fixed income markets. Its core investment strategy targets high-quality municipal securities that are exempt from federal income tax. To qualify, these securities must hold a credit rating of at least Baa from Moody's or BBB from S&P. Established in the U.S. on October 20, 1988, the Trust measures its performance against the Barclays Municipal Bond Index.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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% (153.8%)

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.

154%

Halal0%

Doubtful0%

Not Halal154%

Unknown0%

Top Holdings

New Braunfels Independent School DistrictNot Halal2.87%Main Street Natural Gas IncNot Halal2.87%Southeastern Pennsylvania Transportation AuthorityNot Halal2.86%New York City Transitional Finance Authority Future Tax Secured RevenueNot Halal2.60%City & County of Denver CO Airport System RevenueNot Halal2.59%Colorado Health Facilities AuthorityNot Halal2.52%Empire State Development CorpNot Halal2.33%Central Texas Regional Mobility AuthorityNot Halal1.91%Chicago O'Hare International AirportNot Halal1.84%City of Los Angeles Department of AirportsNot Halal1.77%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above

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

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 DWS Municipal Income Trust (KTF) halal to invest in?

DWS Municipal Income Trust (KTF) 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 DWS Municipal Income Trust get a F compliance rating?

DWS 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 DWS Municipal Income Trust's Shariah verdict?

DWS 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 DWS Municipal Income Trust re-screened for Shariah compliance?

DWS Municipal Income Trust (KTF) 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 18, 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.