Nuveen AMT-Free Municipal Credit Income Fund

NVG: Is Nuveen AMT-Free Municipal Credit Income Fund Halal?

Nuveen AMT-Free Municipal Credit Income Fund

NYSEFinancial ServicesUS

$12.63

+0.16%

Market Cap: 2.7B

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Nuveen AMT-Free Municipal Credit Income Fund (NVG) halal? Not Halal. Based on AAOIFI screening, Nuveen AMT-Free Municipal Credit Income 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.

170.1% of 5.0% limit

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

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

AAOIFI Standard 21Updated Jul 19, 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% (170.1%)

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.

170%
Halal0%
Doubtful0%
Not Halal170%
Unknown0%

Top Holdings

District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006ANot Halal1.60%California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016ANot Halal1.54%Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007ANot Halal1.46%Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1Not Halal1.44%New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBBNot Halal1.29%E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000BNot Halal1.26%Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016ANot Halal1.17%Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance, Series 2016CNot Halal1.10%Illinois State, General Obligation Bonds, November Series 2017CNot Halal1.09%Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017Not Halal1.07%

Compliance History

  1. Not Halalnow

    since Jul 2026

  2. Under Review

    until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Nuveen AMT-Free Municipal Credit Income Fund (NVG) halal to invest in?
Nuveen AMT-Free Municipal Credit Income Fund (NVG) 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 Credit Income Fund get a F compliance rating?
Nuveen AMT-Free Municipal Credit Income 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 Credit Income Fund's Shariah verdict?
Nuveen AMT-Free Municipal Credit Income 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 Credit Income Fund re-screened for Shariah compliance?
Nuveen AMT-Free Municipal Credit Income Fund (NVG) 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: Jul 19, 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.