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Compliance Status

Not Halal

Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through

F

Non-Compliant

0Score

Is Nuveen Taxable Municipal Income Fund (NBB) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Taxable Municipal Income Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Nuveen Taxable Municipal Income Fund (NBB) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/NBB

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.

Nuveen Taxable Municipal Income Fund

NBB: Is Nuveen Taxable Municipal Income Fund Halal?

Nuveen Taxable Municipal Income Fund

NYSEFinancial ServicesUS

$14.22

Market Cap: 418.0M

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About Nuveen Taxable Municipal Income Fund

Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments. It invests in Build America Bonds, i.e. taxable municipal securities. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Build America Bond Index. The fund was formerly known as Nuveen Build America Bond Fund. Nuveen Taxable Municipal Income Fund was formed on December 4, 2009 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 19, 2026

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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

Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Build America Taxable Bond Series 2010BNot Halal4.21%Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Federally Taxable - Direct Payment - Build America Bonds, Series 20Not Halal3.79%Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project P Bonds, Refunding Taxable Build America Bonds Series 2010ANot Halal3.10%Dallas Convention Center Hotel Development Corporation, Texas, Hotel Revenue Bonds, Build America Taxable Bonds, Series 09BNot Halal2.67%Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior LNot Halal2.53%Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Mulitple Capital Projects I, Build America Taxable Bond Series 2Not Halal2.00%Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Taxable Series 2018DNot Halal1.96%Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Federally Taxable Build America Bonds, Series 2010BNot Halal1.94%Charlotte County Industrial Development Authority, Florida, Utility System Revenue Bonds, Town & Country Utilities Project, Taxable Series 2021BNot Halal1.90%Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Federally Taxable Issuer Subsidy Build America Bonds, Series 2010ANot Halal1.85%
10 more screened holdings, each with its own verdict, are part of Pro.See the full basket
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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. 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 fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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PHYSA+

Sprott Physical Gold Trust

$31.50

Sprott Physical Gold and Silver Trust
CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is Nuveen Taxable Municipal Income Fund (NBB) halal to invest in?
Nuveen Taxable Municipal Income Fund (NBB) is rated Not Halal by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.
Why did Nuveen Taxable Municipal Income Fund get a F compliance rating?
Nuveen Taxable Municipal Income Fund's grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.
What could change Nuveen Taxable Municipal Income Fund's Shariah verdict?
Nuveen Taxable Municipal 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 Nuveen Taxable Municipal Income Fund re-screened for Shariah compliance?
Nuveen Taxable Municipal Income Fund is re-screened as its published holdings change. Last screened: Oct 19, 2026.

Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.