What is Nuveen Multi-Asset Income Fund's Shariah compliance score?

Nuveen Multi-Asset Income Fund's (NMAI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Multi-Asset Income Fund pass AAOIFI screening?

Nuveen Multi-Asset Income Fund (NMAI) 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% (NMAI: 0.0%), (3) interest-bearing deposits below 30% (NMAI: 0.0%), and (4) prohibited income below 5% (NMAI: 74.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Multi-Asset Income Fund stock?

Nuveen Multi-Asset Income Fund (NMAI) has a non-permissible income ratio of 74.10%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NMAI 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 Nuveen Multi-Asset Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Multi-Asset Income Fund (NMAI) 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 NMAI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NMAI: Is Nuveen Multi-Asset Income Fund Halal?

Nuveen Multi-Asset Income Fund

NYSEFinancial ServicesUS

$13.93

-0.21%

Market Cap: 465.6M

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Multi-Asset Income Fund (NMAI) halal? Not Halal. Based on AAOIFI screening, Nuveen Multi-Asset Income 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.

86.7% of 5.0% limit

93% of the basket's holdings were screened individually.

About Nuveen Multi-Asset Income Fund

Nuveen Multi-Asset Income Fund engages in the investment in a portfolio of equity and debt securities of issuers worldwide. The company was founded on April 22, 2021 and is headquartered in Chicago, IL.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 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% (86.7%)

Basket Composition

93% 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.

53%

87%

Halal53%

Doubtful1%

Not Halal87%

Unknown0%

Top Holdings

NVDANVIDIA CorpHalal4.15%AAPLApple IncHalal3.69%MSFTMicrosoft CorpHalal3.07%AVGOBroadcom IncHalal2.47%SSNLFSamsung Electronics Co LtdHalal2.45%TSMTaiwan Semiconductor Manufacturing Co LtdHalal2.42%AMZNAmazon.com IncHalal2.34%JPMJPMorgan Chase & CoNot Halal1.93%XOMExxon Mobil CorpHalal1.75%STATE STREET BANK AND TRUST COMPANYNot Halal1.59%

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%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track NMAI and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Nuveen Multi-Asset Income Fund (NMAI) halal to invest in?

Nuveen Multi-Asset Income Fund (NMAI) 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 Multi-Asset Income Fund get a F compliance rating?

Nuveen Multi-Asset Income 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 Multi-Asset Income Fund's Shariah verdict?

Nuveen Multi-Asset 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 Multi-Asset Income Fund re-screened for Shariah compliance?

Nuveen Multi-Asset Income Fund (NMAI) 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 20, 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.