What is Franklin Managed Municipal Income Trust's Shariah compliance score?

Franklin Managed Municipal Income Trust's (PMM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Franklin Managed Municipal Income Trust pass AAOIFI screening?

Franklin Managed Municipal Income Trust (PMM) 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% (PMM: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Franklin Managed Municipal Income Trust stock?

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 exact percentage and amount for Franklin Managed Municipal Income Trust (PMM) using the latest financial data.

Where can I screen Franklin Managed Municipal Income Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Franklin Managed Municipal Income Trust (PMM) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about PMM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

PMM: Is Franklin Managed Municipal Income Trust Halal?

Franklin Managed Municipal Income Trust

NYSEFinancial ServicesUS

$6.25

+0.32%

Market Cap: 267.7M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Franklin Managed Municipal Income Trust (PMM) halal? Not Halal. Based on AAOIFI screening, Franklin Managed Municipal Income 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.

97.2% of 5.0% limit

97% of the basket's holdings were screened individually.

About Franklin Managed Municipal Income Trust

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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% (97.2%)

Basket Composition

97% 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.

97%

Halal0%

Doubtful0%

Not Halal97%

Unknown3%

Top Holdings

Putnam Short Term Investment FundUnknown2.81%Texas Transportation Finance Corp.Not Halal1.88%Dallas Area Rapid TransitNot Halal1.81%District of ColumbiaNot Halal1.77%San Francisco City & County Airport Comm-San Francisco International AirportNot Halal1.66%West Virginia Hospital Finance AuthorityNot Halal1.41%City of Miami FLNot Halal1.34%CSCDA Community Improvement AuthorityNot Halal1.32%South Carolina Public Service AuthorityNot Halal1.28%Washington Metropolitan Area Transit Authority Dedicated RevenueNot Halal1.28%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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 Franklin Managed Municipal Income Trust (PMM) halal to invest in?

Franklin Managed Municipal Income Trust (PMM) 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 Franklin Managed Municipal Income Trust get a F compliance rating?

Franklin Managed Municipal Income 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 Franklin Managed Municipal Income Trust's Shariah verdict?

Franklin Managed Municipal Income 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 Franklin Managed Municipal Income Trust re-screened for Shariah compliance?

Franklin Managed Municipal Income Trust (PMM) 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: Aug 26, 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.