What is Western Asset Managed Municipals Fund Inc.'s Shariah compliance score?

Western Asset Managed Municipals Fund Inc.'s (MMU) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Western Asset Managed Municipals Fund Inc. pass AAOIFI screening?

Western Asset Managed Municipals Fund Inc. (MMU) 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% (MMU: 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 Managed Municipals 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 Western Asset Managed Municipals Fund Inc. (MMU) using the latest financial data.

Where can I screen Western Asset Managed Municipals Fund Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Western Asset Managed Municipals Fund Inc. (MMU) 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 MMU's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MMU: Is Western Asset Managed Municipals Fund Inc. Halal?

Western Asset Managed Municipals Fund Inc.

NYSEFinancial ServicesUS

$10.30

+0.29%

Market Cap: 562.6M

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Western Asset Managed Municipals Fund Inc. (MMU) halal? Not Halal. Based on AAOIFI screening, Western Asset Managed Municipals Fund Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Western Asset Managed Municipals Fund Inc. (MMU) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/MMU

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 Managed Municipals Fund Inc.

The Western Asset Managed Municipals Fund Inc. operates as a closed-end mutual fund with a focus on fixed-income securities. Legg Mason Partners Fund Advisor, LLC is responsible for its initial launch and ongoing management, while Western Asset Management Company acts as a co-manager. The fund's investment strategy targets the U.S. fixed-income markets, primarily seeking securities that offer income exempt from federal taxation. Its portfolio predominantly comprises investment-grade municipal bonds, which are selected using a thorough, proprietary research methodology. The fund's performance is measured against the Barclays Capital Municipal Bond Index. Formerly named Managed Municipals Portfolio Inc., this U.S.-domiciled fund was established on June 26, 1992.

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

PUBLIC AUTHORITY FOR COLORADO ENERGY (CO)Not Halal2.13%CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (CA)Not Halal1.53%SALT VERDE FINANCIAL CORP (AZ)Not Halal1.44%NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)Not Halal1.34%TEXAS TRANSN COMMNNot Halal1.26%SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION (CA)Not Halal1.20%NEW YORK ST URBAN DEV CORPNot Halal1.20%NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)Not Halal1.20%M-S-R ENERGY AUTHORITY (CA)Not Halal1.12%TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NY)Not Halal1.04%

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 Western Asset Managed Municipals Fund Inc. (MMU) halal to invest in?

Western Asset Managed Municipals Fund Inc. (MMU) 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 Managed Municipals Fund Inc. get a F compliance rating?

Western Asset Managed Municipals 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 Western Asset Managed Municipals Fund Inc.'s Shariah verdict?

Western Asset Managed Municipals 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 Western Asset Managed Municipals Fund Inc. re-screened for Shariah compliance?

Western Asset Managed Municipals Fund Inc. (MMU) 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.