Compliance Status
Not Halal
Screened on Oct 6, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen New York Municipal Value Fund (NNY) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen New York Municipal Value Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Nuveen New York Municipal Value Fund (NNY) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/NNY
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
NNY: Is Nuveen New York Municipal Value Fund Halal?
Nuveen New York Municipal Value Fund
$7.98
Market Cap: 150.7M
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About Nuveen New York Municipal Value Fund
The Nuveen New York Municipal Value Fund, Inc. is a closed-end investment vehicle, originally established by Nuveen Investments, Inc., with a focus on fixed income. Management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It strategically allocates capital within New York's fixed income markets. Its portfolio primarily consists of tax-exempt municipal bonds, mandated to possess a credit rating of Baa/BBB or superior. Portfolio construction relies on fundamental analysis, utilizing a bottom-up selection approach to identify suitable bond investments. The fund measures its portfolio's performance against two key benchmarks: the Standard & Poor's New York Municipal Bond Index and the Standard & Poor's National Municipal Bond Index. Established on October 7, 1987, the fund is domiciled within the United States.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why NNY is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (98.3%)
Basket Composition
98% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
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This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.