Does Invesco Municipal Income Opportunities Trust pass AAOIFI screening?

Invesco Municipal Income Opportunities Trust (OIA) 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% (OIA: 0.0%), (3) interest-bearing deposits below 30% (OIA: 0.0%), and (4) prohibited income below 5% (OIA: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Invesco Municipal Income Opportunities Trust stock?

Invesco Municipal Income Opportunities Trust (OIA) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from OIA 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 Invesco Municipal Income Opportunities Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Invesco Municipal Income Opportunities Trust (OIA) 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 OIA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

OIA: Is Invesco Municipal Income Opportunities Trust Halal?

Invesco Municipal Income Opportunities Trust

NYSEFinancial ServicesUS

$6.05

+0.17%

Market Cap: 288.4M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Invesco Municipal Income Opportunities Trust (OIA) halal? Not Halal. Based on AAOIFI screening, Invesco Municipal Income Opportunities Trust 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.

140.9% of 5.0% limit

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

About Invesco Municipal Income Opportunities Trust

The Invesco Municipal Income Opportunities Trust operates as a closed-end mutual fund specializing in fixed income. Launched by Invesco Ltd. and established on September 19, 1988, this U.S.-domiciled fund targets the fixed income markets within the United States. Its management is collaboratively overseen by several Invesco entities: Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. The Trust primarily allocates capital to municipal bonds, demanding a minimum credit rating of BB from Standard & Poor's or Ba from Moody's. Portfolio construction employs a fundamental analysis framework, applying a bottom-up approach to security selection. Historically, the fund was recognized as the Morgan Stanley Municipal Income Opportunities Trust.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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% (140.9%)

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.

141%

Halal0%

Doubtful0%

Not Halal141%

Unknown0%

Top Holdings

New York (State of) Dormitory AuthorityNot Halal4.73%County of Broward FL Convention Center Hotel RevenueNot Halal4.36%Maine Health & Higher Educational Facilities AuthorityNot Halal3.59%Port of Seattle WANot Halal3.58%Massachusetts (Commonwealth of)Not Halal3.48%Regents of the University of California Medical CenterNot Halal3.38%Massachusetts (Commonwealth of)Not Halal3.32%Long Beach (City of), CA Bond Finance AuthorityNot Halal3.15%Manatee (County of), FLNot Halal3.08%Colorado (State of) Health Facilities Authority (Intermountain Healthcare)Not Halal3.04%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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

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Frequently Asked Questions

Is Invesco Municipal Income Opportunities Trust (OIA) halal to invest in?

Invesco Municipal Income Opportunities Trust (OIA) 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 Invesco Municipal Income Opportunities Trust get a F compliance rating?

Invesco Municipal Income Opportunities Trust'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 Invesco Municipal Income Opportunities Trust's Shariah verdict?

Invesco Municipal Income Opportunities Trust'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 Invesco Municipal Income Opportunities Trust re-screened for Shariah compliance?

Invesco Municipal Income Opportunities Trust (OIA) 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 17, 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.