What is Western Asset Municipal High Income Fund's Shariah compliance score?

Western Asset Municipal High Income Fund's (MHF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Western Asset Municipal High Income Fund pass AAOIFI screening?

Western Asset Municipal High Income Fund (MHF) 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% (MHF: 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 Western Asset Municipal High 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 Western Asset Municipal High Income Fund (MHF) using the latest financial data.

Where can I screen Western Asset Municipal High Income Fund for Shariah compliance for free?

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

MHF: Is Western Asset Municipal High Income Fund Halal?

Western Asset Municipal High Income Fund

NYSEFinancial ServicesUS

$6.86

+0.05%

Market Cap: 152.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Western Asset Municipal High Income Fund (MHF) halal? Not Halal. Based on AAOIFI screening, Western Asset Municipal High 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.

100.0% of 5.0% limit

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

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 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% (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

NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY (NJ)Not Halal2.78%OREGON FACILITIES AUTHORITY (OR)Not Halal2.36%NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)Not Halal2.06%PUERTO RICO SALES TAX FINANCING CORPNot Halal1.84%PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)Not Halal1.67%TEXAS TRANSN COMMNNot Halal1.60%M-S-R ENERGY AUTHORITY (CA)Not Halal1.55%M-S-R ENERGY AUTHORITY (CA)Not Halal1.53%NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)Not Halal1.48%BROWARD (FL), COUNTY OFNot Halal1.39%

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 Western Asset Municipal High Income Fund (MHF) halal to invest in?

Western Asset Municipal High Income Fund (MHF) 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 Western Asset Municipal High Income Fund get a F compliance rating?

Western Asset Municipal High 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 Western Asset Municipal High Income Fund's Shariah verdict?

Western Asset Municipal High 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 Western Asset Municipal High Income Fund re-screened for Shariah compliance?

Western Asset Municipal High Income Fund (MHF) 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.