Does Nuveen Pennsylvania Quality Municipal Income Fund pass AAOIFI screening?

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) 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% (NQP: 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 Pennsylvania Quality Municipal Income 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 Pennsylvania Quality Municipal Income Fund (NQP) using the latest financial data.

Where can I screen Nuveen Pennsylvania Quality Municipal Income Fund for Shariah compliance for free?

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

NQP: Is Nuveen Pennsylvania Quality Municipal Income Fund Halal?

Nuveen Pennsylvania Quality Municipal Income Fund

NYSEFinancial ServicesUS

$12.03

+0.08%

Market Cap: 447.7M

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Pennsylvania Quality Municipal Income Fund (NQP) halal? Not Halal. Based on AAOIFI screening, Nuveen Pennsylvania Quality Municipal Income Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Nuveen Pennsylvania Quality Municipal Income Fund (NQP) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/NQP

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

100.0% of 5.0% limit

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

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher. It employs fundamental analysis, with bottom-up stock picking approach, to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's Pennsylvania Municipal Bond Index and Standard & Poor's National Municipal Bond Index. The fund was formerly known a Nuveen Pennsylvania Investment Quality Municipal Fund. Nuveen Pennsylvania Quality Municipal Income Fund was formed on December 20, 1990 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 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% (100.0%)

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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School District, Series 2003Not Halal2.87%Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121Not Halal2.47%Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Refunding Series 2016CNot Halal1.85%Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009ENot Halal1.65%Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018ANot Halal1.63%Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018Not Halal1.60%Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2023BNot Halal1.56%Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2023ANot Halal1.56%Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2023ANot Halal1.37%Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022Not Halal1.36%

Compliance History

Not Halalnow
since Sep 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Nuveen Pennsylvania Quality Municipal Income Fund (NQP) halal to invest in?

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) 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 Pennsylvania Quality Municipal Income Fund get a F compliance rating?

Nuveen Pennsylvania Quality Municipal Income 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 Pennsylvania Quality Municipal Income Fund's Shariah verdict?

Nuveen Pennsylvania Quality Municipal Income 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 Pennsylvania Quality Municipal Income Fund re-screened for Shariah compliance?

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) 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: Sep 1, 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.