What is Nuveen Select Maturities Municipal Fund's Shariah compliance score?

Nuveen Select Maturities Municipal Fund's (NIM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Select Maturities Municipal Fund pass AAOIFI screening?

Nuveen Select Maturities Municipal Fund (NIM) 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% (NIM: 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 Nuveen Select Maturities Municipal Fund 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 Nuveen Select Maturities Municipal Fund (NIM) using the latest financial data.

Where can I screen Nuveen Select Maturities Municipal Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Select Maturities Municipal Fund (NIM) 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 NIM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NIM: Is Nuveen Select Maturities Municipal Fund Halal?

Nuveen Select Maturities Municipal Fund

NYSEFinancial ServicesUS

$9.33

+0.32%

Market Cap: 116.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Select Maturities Municipal Fund (NIM) halal? Not Halal. Based on AAOIFI screening, Nuveen Select Maturities Municipal Fund 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.

98.1% of 5.0% limit

98% of the basket's holdings were screened individually.

About Nuveen Select Maturities Municipal Fund

Nuveen Select Maturities Municipal 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 invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P Intermediate Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen Select Maturities Municipal Fund was formed on September 18, 1992 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (98.1%)

Basket Composition

98% 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.

98%

Halal0%

Doubtful0%

Not Halal98%

Unknown2%

Top Holdings

Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructutre Commission Infrastructure Projects, Junior Lien, Capital Appreciation Series 201Not Halal2.29%Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2015Not Halal1.27%North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2015CNot Halal1.12%San Diego Community College District, California, General Obligation Bonds, Refunding Series 2011Not Halal1.08%Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013ANot Halal0.92%Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Deferred Interest Series 2017BNot Halal0.89%Georgia State, General Obligation Bonds, Series 2021ANot Halal0.84%Dallas, Texas, General Obligation Bonds, Refunding and Improvement Series 2024BNot Halal0.83%New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XXNot Halal0.81%California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018ANot Halal0.80%

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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$43.28

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Frequently Asked Questions

Is Nuveen Select Maturities Municipal Fund (NIM) halal to invest in?

Nuveen Select Maturities Municipal Fund (NIM) 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 Nuveen Select Maturities Municipal Fund get a F compliance rating?

Nuveen Select Maturities Municipal Fund'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 Nuveen Select Maturities Municipal Fund's Shariah verdict?

Nuveen Select Maturities Municipal 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 Select Maturities Municipal Fund re-screened for Shariah compliance?

Nuveen Select Maturities Municipal Fund (NIM) 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: Aug 26, 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.