What is BlackRock MuniYield Quality Fund III, Inc.'s Shariah compliance score?

BlackRock MuniYield Quality Fund III, Inc.'s (MYI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does BlackRock MuniYield Quality Fund III, Inc. pass AAOIFI screening?

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

How much purification is needed for BlackRock MuniYield Quality Fund III, Inc. stock?

BlackRock MuniYield Quality Fund III, Inc. (MYI) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MYI 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 MuniYield Quality Fund III, Inc. for Shariah compliance for free?

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

MYI: Is BlackRock MuniYield Quality Fund III, Inc. Halal?

BlackRock MuniYield Quality Fund III, Inc.

NYSEFinancial ServicesUS

$10.91

-0.37%

Market Cap: 725.2M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is BlackRock MuniYield Quality Fund III, Inc. (MYI) halal? Not Halal. Based on AAOIFI screening, BlackRock MuniYield Quality Fund III, 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.

169.7% of 5.0% limit

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

About BlackRock MuniYield Quality Fund III, Inc.

Established on April 13, 1992, the BlackRock MuniYield Quality Fund III, Inc. operates as a closed-end mutual fund, concentrating its investment efforts within the fixed income sector. While originally launched by BlackRock, Inc., its portfolio management is currently overseen by BlackRock Advisors, LLC. A primary component of the fund's strategy involves acquiring long-duration, high-quality municipal obligations that are legally exempt from federal income taxation. This investment vehicle maintains its legal domicile in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 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% (169.7%)

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.

170%

Halal0%

Doubtful0%

Not Halal170%

Unknown0%

Top Holdings

Metropolitan Pier & Exposition AuthorityNot Halal2.12%BlackRock Liquidity FundsNot Halal2.06%Patriots Energy Group Financing AgencyNot Halal1.49%Columbus Regional Airport AuthorityNot Halal1.45%Illinois Finance AuthorityNot Halal1.41%Puerto Rico Sales Tax Financing Corp Sales Tax RevenueNot Halal1.41%PENNSYLVANIA ST HSG FIN AGY SFNot Halal1.20%Commonwealth of MassachusettsNot Halal1.17%Black Belt Energy Gas DistrictNot Halal1.13%Triborough Bridge & Tunnel Authority Sales Tax RevenueNot Halal1.10%

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+

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SLVA+

iShares Silver Trust

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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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Free · No credit card required

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Frequently Asked Questions

Is BlackRock MuniYield Quality Fund III, Inc. (MYI) halal to invest in?

BlackRock MuniYield Quality Fund III, Inc. (MYI) 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 MuniYield Quality Fund III, Inc. get a F compliance rating?

BlackRock MuniYield Quality Fund III, 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 MuniYield Quality Fund III, Inc.'s Shariah verdict?

BlackRock MuniYield Quality Fund III, 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 MuniYield Quality Fund III, Inc. re-screened for Shariah compliance?

BlackRock MuniYield Quality Fund III, Inc. (MYI) 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 15, 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.