What is Nuveen New York Municipal Value Fund's Shariah compliance score?

Nuveen New York Municipal Value Fund's (NNY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen New York Municipal Value Fund pass AAOIFI screening?

Nuveen New York Municipal Value Fund (NNY) 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% (NNY: 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 New York Municipal Value 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 New York Municipal Value Fund (NNY) using the latest financial data.

Where can I screen Nuveen New York Municipal Value Fund for Shariah compliance for free?

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

NNY: Is Nuveen New York Municipal Value Fund Halal?

Nuveen New York Municipal Value Fund

NYSEFinancial ServicesUS

$8.19

+0.49%

Market Cap: 154.7M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen New York Municipal Value Fund (NNY) halal? Not Halal. Based on AAOIFI screening, Nuveen New York Municipal Value 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.

98.3% of 5.0% limit

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

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

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% (98.3%)

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

Nassau County, New York, General Obligation Bonds, General Improvement Series 2022ANot Halal2.89%New York State Power Authority, General Revenue Bonds, Series 2020ANot Halal2.69%New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014Not Halal2.35%New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016ANot Halal2.28%Long Island Power Authority, New York, Electric System General Revenue Bonds, Green Series 2023ENot Halal2.13%New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series Series 2016A-1Not Halal2.01%Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016BNot Halal1.95%Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1Not Halal1.90%New York City, New York, General Obligation Bonds, Fiscal 2026 Series DNot Halal1.89%Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2017A Group CNot Halal1.82%

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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is Nuveen New York Municipal Value Fund (NNY) halal to invest in?

Nuveen New York Municipal Value Fund (NNY) 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 New York Municipal Value Fund get a F compliance rating?

Nuveen New York Municipal Value 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 New York Municipal Value Fund's Shariah verdict?

Nuveen New York Municipal Value 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 New York Municipal Value Fund re-screened for Shariah compliance?

Nuveen New York Municipal Value Fund (NNY) 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.