Compliance Status
Not Halal
Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Nuveen AMT-Free Municipal Credit Income Fund (NVG) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Nuveen AMT-Free Municipal Credit 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 AMT-Free Municipal Credit Income Fund (NVG) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/NVG
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.
NVG: Is Nuveen AMT-Free Municipal Credit Income Fund Halal?
Nuveen AMT-Free Municipal Credit Income Fund
$10.89
Market Cap: 2.4B
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About Nuveen AMT-Free Municipal Credit Income Fund
The Nuveen AMT-Free Municipal Credit Income Fund (NVG) operates as a closed-end investment vehicle, initially launched by Nuveen Investments, Inc. Its oversight is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates capital within the U.S. fixed income sector, concentrating on undervalued municipal debt instruments and associated investments that offer exemptions from standard federal income taxes. Holdings must possess a credit rating of at least Baa/BBB from S&P, Moody's, or Fitch, and the portfolio maintains an average maturity of 17.02 years. Its investment strategy employs a bottom-up security selection method combined with fundamental analysis. Performance is measured against the Standard & Poor's (S&P) Insured Municipal Bond Index. The fund previously traded as the Nuveen Insured Dividend Advantage Municipal Fund and the Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund. NVG was established on July 12, 1999, and is domiciled in the United States.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why NVG 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
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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Sep 2026
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Tracked since Jun 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.