Does Nuveen Pennsylvania Quality Municipal Income Fund pass AAOIFI look-through screening?

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) does not pass AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

How much purification is needed for Nuveen Pennsylvania Quality Municipal Income Fund?

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 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 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

NQPNot HalalF

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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is Nuveen Pennsylvania Quality Municipal Income Fund (NQP) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Pennsylvania 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 Pennsylvania Quality Municipal Income Fund (NQP) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 18, 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.

NQP: Is Nuveen Pennsylvania Quality Municipal Income Fund Halal?

Nuveen Pennsylvania Quality Municipal Income Fund

NYSEFinancial ServicesUS

$12.03

Market Cap: 447.7M

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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 21 look-throughUpdated Oct 18, 2026

AI Compliance Insight

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Institutional-grade Shariah analysis

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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%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

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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.

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Screened according to AAOIFI Standard 21

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 by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did Nuveen Pennsylvania Quality Municipal Income Fund get a F compliance rating?

Nuveen Pennsylvania Quality Municipal Income Fund's grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

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 is re-screened as its published holdings change. Last screened: Oct 18, 2026.

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.