What is Nuveen Select Tax-Free Income Portfolio's Shariah compliance score?

Nuveen Select Tax-Free Income Portfolio's (NXP) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Nuveen Select Tax-Free Income Portfolio pass AAOIFI screening?

Nuveen Select Tax-Free Income Portfolio (NXP) 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% (NXP: 3.8%), (3) interest-bearing deposits below 30% (NXP: 0.8%), and (4) prohibited income below 5% (NXP: 115.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Nuveen Select Tax-Free Income Portfolio stock?

Nuveen Select Tax-Free Income Portfolio (NXP) has a non-permissible income ratio of 115.22%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NXP shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Nuveen Select Tax-Free Income Portfolio for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nuveen Select Tax-Free Income Portfolio (NXP) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NXP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NXP: Is Nuveen Select Tax-Free Income Portfolio Halal?

Nuveen Select Tax-Free Income Portfolio

NYSEFinancial ServicesUS

$14.29

-0.42%

Market Cap: 743.2M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Nuveen Select Tax-Free Income Portfolio (NXP) halal? Not Halal. Based on AAOIFI screening, Nuveen Select Tax-Free Income Portfolio passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

3.8% of 30.0% limit

What this means for you

Most scholars advise not holding NXP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Nuveen Select Tax-Free Income Portfolio

Established on March 19, 1992, the Nuveen Select Tax-Free Income Portfolio functions as a closed-ended mutual fund dedicated to fixed income investments within the United States. Jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC (under the Nuveen Investments Inc. umbrella), the fund strategically allocates its capital primarily to investment-grade municipal securities, targeting those rated Baa, BBB, or higher. Its financial performance is benchmarked against both the Standard & Poor's (S&P) National Municipal Bond Index and the Lipper General and Insured Unleveraged Municipal Debt Funds Average. This portfolio remains domiciled in the U.S.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2026Data source: FMP

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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Nuveen Select Tax-Free Income Portfolio (NXP) halal to invest in?

Nuveen Select Tax-Free Income Portfolio (NXP) 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 Select Tax-Free Income Portfolio get a F compliance rating?

Nuveen Select Tax-Free Income Portfolio (NXP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.8% (limit 30%); interest-bearing deposits of 0.8% (limit 30%); prohibited income of 115.22% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Nuveen Select Tax-Free Income Portfolio's Shariah verdict?

Nuveen Select Tax-Free Income Portfolio's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Nuveen Select Tax-Free Income Portfolio re-screened for Shariah compliance?

Nuveen Select Tax-Free Income Portfolio (NXP) 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.