What is Neuberger Municipal Fund Inc.'s Shariah compliance score?

Neuberger Municipal Fund Inc.'s (NBH) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Neuberger Municipal Fund Inc. pass AAOIFI screening?

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

How much purification is needed for Neuberger Municipal Fund Inc. stock?

Neuberger Municipal Fund Inc. (NBH) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NBH 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 Neuberger Municipal Fund Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Neuberger Municipal Fund Inc. (NBH) 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 NBH's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NBH: Is Neuberger Municipal Fund Inc. Halal?

Neuberger Municipal Fund Inc.

AMEXFinancial ServicesUS

$10.29

-0.96%

Market Cap: 304.8M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Neuberger Municipal Fund Inc. (NBH) halal? Not Halal. Based on AAOIFI screening, Neuberger Municipal 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.

167.1% of 5.0% limit

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

About Neuberger Municipal Fund Inc.

Neuberger Municipal Fund, Inc. is a non-diversified, closed-end management investment company. Its objective is to provide common stockholders a high level of current income exempt from federal income tax through investing in municipal securities. The company was founded on July 29, 2002 and is headquartered in New York, NY.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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% (167.1%)

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.

167%

Halal0%

Doubtful0%

Not Halal167%

Unknown0%

Top Holdings

Buckeye Tobacco Settlement Financing AuthorityNot Halal7.35%Puerto Rico Sales Tax Financing Corp Sales Tax RevenueNot Halal6.00%Public Finance AuthorityNot Halal5.53%Victor Valley Community College DistrictNot Halal4.07%New York Transportation Development CorpNot Halal3.35%Central Plains Energy ProjectNot Halal3.24%New York Transportation Development CorpNot Halal3.03%Metropolitan Transportation AuthorityNot Halal2.82%Mobile County Industrial Development AuthorityNot Halal2.62%Louisiana Public Facilities AuthorityNot Halal2.30%

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:

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Frequently Asked Questions

Is Neuberger Municipal Fund Inc. (NBH) halal to invest in?

Neuberger Municipal Fund Inc. (NBH) 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 Neuberger Municipal Fund Inc. get a F compliance rating?

Neuberger Municipal 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 Neuberger Municipal Fund Inc.'s Shariah verdict?

Neuberger Municipal 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 Neuberger Municipal Fund Inc. re-screened for Shariah compliance?

Neuberger Municipal Fund Inc. (NBH) 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 18, 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.