Compliance Status
Not Halal
Screened on Oct 17, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen New York AMT-Free 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).
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HalalScreener rates Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 17, 2026. Source: https://halalscreener.app/en/stock/NRK
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.
NRK: Is Nuveen New York AMT-Free Quality Municipal Income Fund Halal?
Nuveen New York AMT-Free Quality Municipal Income Fund
$9.38
Market Cap: 818.3M
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About Nuveen New York AMT-Free Quality Municipal Income Fund
The Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) operates as a closed-end investment vehicle, originally launched by Nuveen Investments, Inc., that specializes in fixed-income securities. It is jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, with a core focus on the fixed income markets of New York. The fund strategically allocates capital to undervalued municipal bonds and related instruments. These chosen investments are designed to yield income free from regular federal and New York state income taxes. Furthermore, they are often backed by insurance from financially sound providers and maintain a minimum credit rating of Baa or BBB, with an average maturity of approximately 15.98 years. To construct its portfolio, the fund employs a fundamental, bottom-up selection methodology. Its performance is benchmarked against both the S&P New York Municipal Bond Index and the S&P Insured National Municipal Bond Index. Established in the United States on July 29, 2002, it was formerly recognized as the Nuveen New York AMT-Free Municipal Income Fund.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why NRK 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
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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 Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 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.