Does BlackRock MuniHoldings New York Quality Fund, Inc. pass AAOIFI screening?

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) 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% (MHN: 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 BlackRock MuniHoldings New York Quality Fund, 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 BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) using the latest financial data.

Where can I screen BlackRock MuniHoldings New York Quality Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) 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 MHN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MHN: Is BlackRock MuniHoldings New York Quality Fund, Inc. Halal?

BlackRock MuniHoldings New York Quality Fund, Inc.

NYSEFinancial ServicesUS

$10.30

-0.39%

Market Cap: 311.5M

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) halal? Not Halal. Based on AAOIFI screening, BlackRock MuniHoldings New York Quality Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/MHN

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 BlackRock MuniHoldings New York Quality Fund, Inc.

BlackRock MuniHoldings New York Quality Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes. BlackRock MuniHoldings New York Quality Fund, Inc. was formed on September 19, 1997 and is domiciled in United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 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 York Energy Finance Development CorpNot Halal1.83%New York City Municipal Water Finance AuthorityNot Halal1.73%New York Transportation Development CorpNot Halal1.53%New York State Thruway AuthorityNot Halal1.52%Metropolitan Transportation Authority Dedicated Tax FundNot Halal1.36%BlackRock Liquidity FundsNot Halal1.17%New York Transportation Development CorpNot Halal1.16%New York Liberty Development CorpNot Halal1.12%Triborough Bridge & Tunnel AuthorityNot Halal1.12%Triborough Bridge & Tunnel AuthorityNot Halal1.11%

Compliance History

Not Halalnow
since Sep 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:

GLDA+

SPDR Gold Shares

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) halal to invest in?

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) 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 BlackRock MuniHoldings New York Quality Fund, Inc. get a F compliance rating?

BlackRock MuniHoldings New York Quality Fund, 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 BlackRock MuniHoldings New York Quality Fund, Inc.'s Shariah verdict?

BlackRock MuniHoldings New York Quality Fund, 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 BlackRock MuniHoldings New York Quality Fund, Inc. re-screened for Shariah compliance?

BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) 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 1, 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.