Compliance Status
Not Halal
Screened on Oct 9, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Franklin Managed Municipal Income Trust (PMM) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Franklin Managed Municipal Income Trust has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Franklin Managed Municipal Income Trust (PMM) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/PMM
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
99% of the basket's holdings were screened individually.
PMM: Is Franklin Managed Municipal Income Trust Halal?
Franklin Managed Municipal Income Trust
$5.83
Market Cap: 249.7M
Get an email if PMM's halal status changes
We re-screen Franklin Managed Municipal Income Trust daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why PMM 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% (99.3%)
Basket Composition
99% 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 Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Know the day PMM's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Franklin Managed Municipal Income Trust (PMM) halal to invest in?
Why did Franklin Managed Municipal Income Trust get a F compliance rating?
What could change Franklin Managed Municipal Income Trust's Shariah verdict?
How often is Franklin Managed Municipal Income Trust re-screened for Shariah compliance?
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.