What is Nuveen Municipal Credit Opportunities Fund's Shariah compliance score?

Nuveen Municipal Credit Opportunities Fund's (NMCO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Municipal Credit Opportunities Fund pass AAOIFI screening?

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

How much purification is needed for Nuveen Municipal Credit Opportunities Fund stock?

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

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

NMCO: Is Nuveen Municipal Credit Opportunities Fund Halal?

Nuveen Municipal Credit Opportunities Fund

NYSEFinancial ServicesUS

$10.72

-0.56%

Market Cap: 593.8M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Municipal Credit Opportunities Fund (NMCO) halal? Not Halal. Based on AAOIFI screening, Nuveen Municipal Credit Opportunities 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.

166.3% of 5.0% limit

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

About Nuveen Municipal Credit Opportunities Fund

The Nuveen Municipal Credit Opportunities Fund functions as a closed-end investment vehicle, primarily aiming to generate current income that is not subject to standard U.S. federal income taxation. This entity was established on April 18, 2019, and conducts its operations from Chicago, Illinois.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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% (166.3%)

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.

166%

Halal0%

Doubtful0%

Not Halal166%

Unknown0%

Top Holdings

Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, United States Steel Corporation Proejcet, Series 2019Not Halal3.60%District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006ANot Halal3.58%Public Finance Authority, Wisconsin, Toll Revenue Bonds, Georgia SR 400 Express Lanes Project, Senior Lien Series 2025Not Halal3.01%Glen Cove Local Economic Assistance Corporation, New York, Revenue Bonds, Garvies Point Public Improvement Project, Capital Appreciation Series 2016CNot Halal2.83%Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017Not Halal2.74%TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006Not Halal2.47%Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017ANot Halal2.34%Hess Ranch Metropolitan District 6, Parker, Colorado, Limited Tax General Obligation Bonds, Convertible Capital Appreciation Series 2020A-2Not Halal2.28%Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1Not Halal2.26%New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 ProjectNot Halal2.08%

Compliance History

Not Halalnow
since Jul 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 Nuveen Municipal Credit Opportunities Fund (NMCO) halal to invest in?

Nuveen Municipal Credit Opportunities Fund (NMCO) 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 Municipal Credit Opportunities Fund get a F compliance rating?

Nuveen Municipal Credit Opportunities 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 Municipal Credit Opportunities Fund's Shariah verdict?

Nuveen Municipal Credit Opportunities 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 Municipal Credit Opportunities Fund re-screened for Shariah compliance?

Nuveen Municipal Credit Opportunities Fund (NMCO) 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 17, 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.