Compliance Status
Not Halal
Screened on Oct 7, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen Virginia Quality Municipal Income Fund (NPV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Virginia Quality Municipal Income 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 Virginia Quality Municipal Income Fund (NPV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/NPV
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
NPV: Is Nuveen Virginia Quality Municipal Income Fund Halal?
Nuveen Virginia Quality Municipal Income Fund
$9.50
Market Cap: 185.8M
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About Nuveen Virginia Quality Municipal Income Fund
The Nuveen Virginia Quality Municipal Income Fund, established by Nuveen Investments, Inc., operates as a closed-end investment vehicle concentrating on fixed-income securities. Its management responsibilities are jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital to the fixed-income markets within Virginia. A key focus is on acquiring municipal securities that hold an investment-grade rating of Baa/BBB or superior. A significant benefit of these holdings is their ability to generate income that is exempt from both federal and Virginia state income taxation. To construct its portfolio, the fund utilizes a rigorous investment strategy that combines fundamental analysis with a bottom-up security selection process. Its performance is measured against two relevant benchmarks: the S&P National Municipal Bond Index and the S&P Virginia Municipal Bond Index. Initially known as the Nuveen Virginia Premium Income Municipal Fund, this fund commenced operations on January 12, 1993, and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why NPV 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% (100.0%)
Basket Composition
100% 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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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.