What is Nuveen Municipal Value Fund, Inc.'s Shariah compliance score?

Nuveen Municipal Value Fund, Inc. (NUV) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). 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.

Does Nuveen Municipal Value Fund, Inc. pass AAOIFI look-through screening?

Nuveen Municipal Value Fund, Inc. (NUV) 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 Municipal Value Fund, Inc.?

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 Municipal Value Fund, Inc. (NUV) using the latest financial data.

Where can I screen Nuveen Municipal Value Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Municipal Value Fund, Inc. (NUV) 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.

NUVNot HalalF

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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is Nuveen Municipal Value Fund, Inc. (NUV) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen Municipal Value Fund, Inc. 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 Municipal Value Fund, Inc. (NUV) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/NUV

Basket rule

Over the limit

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

99.7% of 5.0% limit

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

NUV: Is Nuveen Municipal Value Fund, Inc. Halal?

Nuveen Municipal Value Fund, Inc.

NYSEFinancial ServicesUS

$8.23

Market Cap: 1.7B

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About Nuveen Municipal Value Fund, Inc.

Nuveen Municipal Value Fund, Inc. 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 the United States. The fund also invests some portion of its portfolio in derivative instruments. It invests in undervalued municipal securities and other related investments the income, exempt from regular federal income taxes that are rated Baa or BBB or better. 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 (S&P) National Municipal Bond Index. Nuveen Municipal Value Fund, Inc. was formed on April 8, 1987 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 14, 2026

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

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See why NUV is rated Not Halal with institutional-grade analysis

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% (99.7%)

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

Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2Not Halal1.64%New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006CNot Halal1.29%New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2025A-4Not Halal1.27%New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006CNot Halal1.08%E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000BNot Halal1.02%New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3ANot Halal0.89%Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2019ANot Halal0.85%Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002ANot Halal0.78%Massachusetts State, General Obligation Bonds, Consolidated Series 2024BNot Halal0.76%Dormitory Authority of the State of New York, Revenue Bonds, New York University Series 2025ANot Halal0.75%

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

PRO DETAIL

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 Jun 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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$18.48

PHYSA+

Sprott Physical Gold Trust

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CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is Nuveen Municipal Value Fund, Inc. (NUV) halal to invest in?

Nuveen Municipal Value Fund, Inc. (NUV) 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 Municipal Value Fund, Inc. get a F compliance rating?

Nuveen Municipal Value Fund, Inc.'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 Municipal Value Fund, Inc.'s Shariah verdict?

Nuveen Municipal Value Fund, Inc.'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 Municipal Value Fund, Inc. re-screened for Shariah compliance?

Nuveen Municipal Value Fund, Inc. is re-screened as its published holdings change. Last screened: Oct 14, 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.