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

Nuveen AMT-Free Municipal Value Fund (NUW) 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 AMT-Free Municipal Value Fund pass AAOIFI look-through screening?

Nuveen AMT-Free Municipal Value Fund (NUW) 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 AMT-Free Municipal Value 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 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 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.

NUWNot HalalF

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Compliance Status

Not Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is Nuveen AMT-Free Municipal Value Fund (NUW) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund (NUW) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/NUW

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.

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

Nuveen AMT-Free Municipal Value Fund

NYSEFinancial ServicesUS

$13.12

Market Cap: 235.5M

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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 21 look-throughUpdated Oct 9, 2026

AI Compliance Insight

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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

Palomar Pomerado Health, California, General Obligation Bonds, Series 2009ANot Halal3.89%Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2Not Halal3.29%San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012GNot Halal3.20%Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002ANot Halal2.48%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 Halal1.95%Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025Not Halal1.85%Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2023ANot Halal1.81%Massachusetts State, General Obligation Bonds, Consolidated Series 2024BNot Halal1.80%Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2025CNot Halal1.79%

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 Halal, unchanged since Sep 2026.

No status changes recorded since we began tracking.

Tracked since Sep 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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$54.78

PSLVA+

Sprott Physical Silver Trust

$19.89

PHYSA+

Sprott Physical Gold Trust

$31.70

CEFA+

Sprott Physical Gold and Silver Trust

$41.67

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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 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 AMT-Free Municipal Value Fund get a F compliance rating?

Nuveen AMT-Free Municipal Value 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 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 is re-screened as its published holdings change. Last screened: Oct 9, 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.