What is Nuveen AMT-Free Municipal Value Fund's Shariah compliance score?

Nuveen AMT-Free Municipal Value Fund's (NUW) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen AMT-Free Municipal Value Fund pass AAOIFI screening?

Nuveen AMT-Free Municipal Value Fund (NUW) 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% (NUW: 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 AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund (NUW) using the latest financial data.

Where can I screen Nuveen AMT-Free Municipal Value Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen AMT-Free Municipal Value Fund (NUW) 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 NUW's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NUW: Is Nuveen AMT-Free Municipal Value Fund Halal?

Nuveen AMT-Free Municipal Value Fund

NYSEFinancial ServicesUS

$13.97

+0.43%

Market Cap: 250.8M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen AMT-Free Municipal Value Fund (NUW) halal? Not Halal. Based on AAOIFI screening, Nuveen AMT-Free Municipal Value Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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 AMT-Free Municipal Value Fund

The Nuveen AMT-Free Municipal Value Fund functions as a closed-ended mutual fund dedicated to fixed-income investments, originally launched by Nuveen Investments Inc. Its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily directs its capital towards the fixed-income markets of the United States, with a significant allocation of its assets invested in municipal securities. While it includes securities from a diverse array of corporate sectors, its investment philosophy is rooted in a value-oriented strategy. Portfolio creation involves fundamental analysis, combining both top-down and bottom-up stock-picking approaches, all informed by proprietary internal research. This U.S.-domiciled fund began operations on November 19, 2008.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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

Palomar Pomerado Health, California, General Obligation Bonds, Series 2009ANot Halal3.93%San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012GNot Halal3.23%Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2023ANot Halal2.74%Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002ANot Halal2.56%Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2Not Halal2.45%Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001BNot Halal2.14%Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2025ENot Halal1.96%Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025Not Halal1.87%Massachusetts State, General Obligation Bonds, Consolidated Series 2024BNot Halal1.82%Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2025CNot Halal1.81%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen AMT-Free Municipal Value Fund (NUW) halal to invest in?

Nuveen AMT-Free Municipal Value Fund (NUW) 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 AMT-Free Municipal Value Fund get a F compliance rating?

Nuveen AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund's Shariah verdict?

Nuveen AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund re-screened for Shariah compliance?

Nuveen AMT-Free Municipal Value Fund (NUW) 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: Aug 26, 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.