What is BNY Mellon Strategic Municipals, Inc.'s Shariah compliance score?

BNY Mellon Strategic Municipals, Inc.'s (LEO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does BNY Mellon Strategic Municipals, Inc. pass AAOIFI screening?

BNY Mellon Strategic Municipals, Inc. (LEO) 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% (LEO: 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 BNY Mellon Strategic Municipals, Inc. 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 BNY Mellon Strategic Municipals, Inc. (LEO) using the latest financial data.

Where can I screen BNY Mellon Strategic Municipals, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BNY Mellon Strategic Municipals, Inc. (LEO) 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 LEO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

LEO: Is BNY Mellon Strategic Municipals, Inc. Halal?

BNY Mellon Strategic Municipals, Inc.

NYSEFinancial ServicesUS

$6.38

-0.31%

Market Cap: 397.4M

Compliance Status

Not Halal

Screened on Sep 2, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BNY Mellon Strategic Municipals, Inc. (LEO) halal? Not Halal. Based on AAOIFI screening, BNY Mellon Strategic Municipals, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates BNY Mellon Strategic Municipals, Inc. (LEO) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/LEO

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 BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Strategic Municipals, Inc. BNY Mellon Strategic Municipals, Inc. was formed on September 23, 1987 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 2, 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

SOUTH CAROLINA PUB SVC AUTHNot Halal2.42%MASSACHUSETTS ST TRANSN FDNot Halal2.27%MIAMI-DADE (FL), COUNTY OFNot Halal1.82%MICHIGAN ST UNIVNot Halal1.65%REV BDS 2013ANot Halal1.55%NORTH CAROLINA MED CARE COMMNNot Halal1.41%BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY (OH)Not Halal1.35%TRANS FUND BDS 2018 ANot Halal1.22%MEDINA VALLEY INDEPENDENT SCHOOL (TX)Not Halal1.08%CHILDREN'S HEALTHCARE OF ATLANTA INCNot Halal1.05%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above
Not Halal
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 BNY Mellon Strategic Municipals, Inc. (LEO) halal to invest in?

BNY Mellon Strategic Municipals, Inc. (LEO) 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 BNY Mellon Strategic Municipals, Inc. get a F compliance rating?

BNY Mellon Strategic Municipals, Inc.'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 BNY Mellon Strategic Municipals, Inc.'s Shariah verdict?

BNY Mellon Strategic Municipals, Inc.'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 BNY Mellon Strategic Municipals, Inc. re-screened for Shariah compliance?

BNY Mellon Strategic Municipals, Inc. (LEO) 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: Sep 2, 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.