What is Putnam Municipal Opportunities Trust's Shariah compliance score?

Putnam Municipal Opportunities Trust's (PMO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Putnam Municipal Opportunities Trust pass AAOIFI screening?

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

How much purification is needed for Putnam Municipal Opportunities Trust stock?

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

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

PMO: Is Putnam Municipal Opportunities Trust Halal?

Putnam Municipal Opportunities Trust

NYSEFinancial ServicesUS

$10.53

+0.10%

Market Cap: 295.5M

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Putnam Municipal Opportunities Trust (PMO) halal? Not Halal. Based on AAOIFI screening, Putnam Municipal 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.

145.5% of 5.0% limit

95% of the basket's holdings were screened individually.

About Putnam Municipal Opportunities Trust

The Putnam Municipal Opportunities Trust functions as a closed-end mutual fund dedicated to fixed-income investments. It was initially established and is primarily overseen by Putnam Investment Management, LLC, with additional co-management responsibilities held by Putnam Investments Limited. This trust strategically invests in the fixed income markets across the United States, targeting companies within a range of essential sectors including healthcare, utilities, transportation, water and sewer infrastructure, and housing. The fund was established in 1993 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 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% (145.5%)

Basket Composition

95% 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.

145%

Halal0%

Doubtful0%

Not Halal145%

Unknown0%

Top Holdings

Putnam Short Term Investment FundUnknown5.03%Metropolitan Pier & Exposition AuthorityNot Halal3.33%Texas Transportation Finance Corp.Not Halal2.78%Metropolitan Transportation AuthorityNot Halal2.76%Commonwealth of MassachusettsNot Halal2.59%Texas Transportation Finance Corp.Not Halal2.50%City of Miami FLNot Halal2.20%San Francisco City & County Airport Comm-San Francisco International AirportNot Halal2.08%King County Public Hospital District No. 2Not Halal2.06%Alaska Industrial Development & Export AuthorityNot Halal1.83%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

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:

GLDA+

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SLVA+

iShares Silver Trust

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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%

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BAC

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Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Putnam Municipal Opportunities Trust (PMO) halal to invest in?

Putnam Municipal Opportunities Trust (PMO) 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 Putnam Municipal Opportunities Trust get a F compliance rating?

Putnam Municipal 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 Putnam Municipal Opportunities Trust's Shariah verdict?

Putnam Municipal 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 Putnam Municipal Opportunities Trust re-screened for Shariah compliance?

Putnam Municipal Opportunities Trust (PMO) 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 13, 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.