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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) 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% (MUJ: 0.0%), (3) interest-bearing deposits below 30% (MUJ: 0.0%), and (4) prohibited income below 5% (MUJ: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for BlackRock MuniHoldings New Jersey Quality Fund, Inc. stock?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MUJ shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MUJ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MUJ: Is BlackRock MuniHoldings New Jersey Quality Fund, Inc. Halal?

BlackRock MuniHoldings New Jersey Quality Fund, Inc.

NYSEFinancial ServicesUS

$12.36

-0.24%

Market Cap: 657.4M

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) halal? Not Halal. Based on AAOIFI screening, BlackRock MuniHoldings New Jersey Quality Fund, Inc. 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.

162.2% of 5.0% limit

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

About BlackRock MuniHoldings New Jersey Quality Fund, Inc.

The BlackRock MuniHoldings New Jersey Quality Fund, Inc. is a closed-end mutual fund focusing on fixed income, established by BlackRock, Inc. and managed by BlackRock Advisors, LLC. This fund primarily allocates capital within the United States fixed income markets, with a particular emphasis on long-term, high-quality municipal bonds that provide tax-exempt income from both federal and New Jersey personal income taxes. Established in 1998 and domiciled in the U.S., it was previously known as the BlackRock MuniHoldings New Jersey Insured Fund.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 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% (162.2%)

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.

162%

Halal0%

Doubtful0%

Not Halal162%

Unknown0%

Top Holdings

Union County Utilities AuthorityNot Halal5.22%BlackRock Liquidity FundsNot Halal4.93%New Jersey Educational Facilities AuthorityNot Halal4.85%New Jersey Economic Development AuthorityNot Halal3.52%Tobacco Settlement Financing CorpNot Halal3.50%New Jersey Turnpike AuthorityNot Halal3.17%New Jersey Transportation Trust Fund AuthorityNot Halal3.08%New Jersey Economic Development AuthorityNot Halal2.95%New Jersey Higher Education Student Assistance AuthorityNot Halal2.72%Puerto Rico Sales Tax Financing Corp Sales Tax RevenueNot Halal2.69%

Compliance History

Not Halalnow
since Jun 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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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C+

BAC

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WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

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

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

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

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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) 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: Jul 13, 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.