What is Aberdeen Municipal Income Fund's Shariah compliance score?

Aberdeen Municipal Income Fund's (MFM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Aberdeen Municipal Income Fund pass AAOIFI screening?

Aberdeen Municipal Income Fund (MFM) 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% (MFM: 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 Aberdeen Municipal 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 Aberdeen Municipal Income Fund (MFM) using the latest financial data.

Where can I screen Aberdeen Municipal Income Fund for Shariah compliance for free?

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

MFM: Is Aberdeen Municipal Income Fund Halal?

Aberdeen Municipal Income Fund

NYSEFinancial ServicesUS

$5.37

+0.94%

Market Cap: 221.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Aberdeen Municipal Income Fund (MFM) halal? Not Halal. Based on AAOIFI screening, Aberdeen Municipal 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.

96.4% of 5.0% limit

96% of the basket's holdings were screened individually.

About Aberdeen Municipal Income Fund

Aberdeen Municipal Income Fund is a closed-end fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in U.S. fixed income markets, primarily focusing on tax-exempt bonds and notes. It benchmarks its portfolio performance against the Barclays Municipal Bond Index. The fund was founded on November 25, 1986, and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

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% (96.4%)

Basket Composition

96% 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.

96%

Halal0%

Doubtful0%

Not Halal96%

Unknown4%

Top Holdings

MFS Institutional Money Market PortfolioUnknown3.57%Texas Transportation Finance CorpNot Halal1.64%South Carolina Public Service AuthorityNot Halal1.21%Black Belt Energy Gas DistrictNot Halal1.01%Public Finance AuthorityNot Halal0.76%Puerto Rico Sales Tax Financing Corp Sales Tax RevenueNot Halal0.73%Chicago Board of Education Dedicated Capital Improvement TaxNot Halal0.70%Texas Municipal Gas Acquisition & Supply Corp IVNot Halal0.69%New York Transportation Development CorpNot Halal0.66%California Community Choice Financing AuthorityNot Halal0.65%

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+

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CEFA+

Sprott Physical Gold and Silver Trust

$43.28

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Frequently Asked Questions

Is Aberdeen Municipal Income Fund (MFM) halal to invest in?

Aberdeen Municipal Income Fund (MFM) 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 Aberdeen Municipal Income Fund get a F compliance rating?

Aberdeen Municipal 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 Aberdeen Municipal Income Fund's Shariah verdict?

Aberdeen Municipal 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 Aberdeen Municipal Income Fund re-screened for Shariah compliance?

Aberdeen Municipal Income Fund (MFM) 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.