Does Neuberger Energy Infrastructure and Income Fund Inc. pass AAOIFI screening?

Neuberger Energy Infrastructure and Income Fund Inc. (NML) 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% (NML: 0.0%), (3) interest-bearing deposits below 30% (NML: 0.0%), and (4) prohibited income below 5% (NML: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Neuberger Energy Infrastructure and Income Fund Inc. stock?

Neuberger Energy Infrastructure and Income Fund Inc. (NML) has a non-permissible income ratio of 1.12%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NML 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 Energy Infrastructure and Income Fund Inc. for Shariah compliance for free?

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

NML: Is Neuberger Energy Infrastructure and Income Fund Inc. Halal?

Neuberger Energy Infrastructure and Income Fund Inc.

AMEXFinancial ServicesUS

$9.59

-1.34%

Market Cap: 543.4M

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Neuberger Energy Infrastructure and Income Fund Inc. (NML) halal? Not Halal. Based on AAOIFI screening, Neuberger Energy Infrastructure and Income 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.

52.7% of 5.0% limit

87% of the basket's holdings were screened individually.

About Neuberger Energy Infrastructure and Income Fund Inc.

The Neuberger Energy Infrastructure and Income Fund Inc. is a closed-end fund of funds, managed by Neuberger Berman Management LLC, with additional co-management provided by Neuberger Berman LLC. This fund primarily directs its investments towards public equity markets, with a specific focus on master limited partnerships (MLPs) and limited liability companies (LLCs). Established on November 16, 2012, and based in the United States, it was formerly recognized under the names Neuberger Berman MLP Income Fund Inc. and Neuberger Berman MLP and Energy Income Fund Inc.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 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% (52.7%)

Basket Composition

87% 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.

41%

27%

53%

Halal41%

Doubtful27%

Not Halal53%

Unknown0%

Top Holdings

TRGPTarga Resources CorpDoubtful15.02%DTMDT Midstream IncHalal13.20%ETEnergy Transfer LPNot Halal12.30%Enterprise Products Partners LUnknown11.23%WMBWilliams Cos Inc/TheDoubtful9.58%WESWestern Midstream Partners LPNot Halal7.46%ARAntero Resources CorpHalal7.28%LNGCheniere Energy IncNot Halal5.92%CWENClearway Energy IncNot Halal4.51%COPConocoPhillipsHalal4.31%

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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Free · No credit card required

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Frequently Asked Questions

Is Neuberger Energy Infrastructure and Income Fund Inc. (NML) halal to invest in?

Neuberger Energy Infrastructure and Income Fund Inc. (NML) 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 Energy Infrastructure and Income Fund Inc. get a F compliance rating?

Neuberger Energy Infrastructure and Income 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 Energy Infrastructure and Income Fund Inc.'s Shariah verdict?

Neuberger Energy Infrastructure and Income 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 Energy Infrastructure and Income Fund Inc. re-screened for Shariah compliance?

Neuberger Energy Infrastructure and Income Fund Inc. (NML) 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 13, 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.