What is PIMCO New York Municipal Income Fund's Shariah compliance score?

PIMCO New York Municipal Income Fund's (PNI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does PIMCO New York Municipal Income Fund pass AAOIFI screening?

PIMCO New York Municipal Income Fund (PNI) 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% (PNI: 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 PIMCO New York Municipal Income Fund 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 PIMCO New York Municipal Income Fund (PNI) using the latest financial data.

Where can I screen PIMCO New York Municipal Income Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for PIMCO New York Municipal Income Fund (PNI) 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 PNI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

PNI: Is PIMCO New York Municipal Income Fund Halal?

PIMCO New York Municipal Income Fund

NYSEFinancial ServicesUS

$6.83

-0.15%

Market Cap: 163.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is PIMCO New York Municipal Income Fund (PNI) halal? Not Halal. Based on AAOIFI screening, PIMCO New York Municipal Income Fund 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.

100.0% of 5.0% limit

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

About PIMCO New York Municipal Income Fund

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax. It also invests in New York variable rate notes, New York variable rate demand notes, and U.S. treasury bills. The fund employs proprietary analytical models to make its investments. PIMCO New York Municipal Income Fund II was formed on March 29, 2002 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% (100.0%)

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.

100%

Halal0%

Doubtful0%

Not Halal100%

Unknown0%

Top Holdings

NEW YORK STATE THRUWAY AUTHORITYNot Halal3.48%NEW YORK LIBERTY DEVELOPMENT CORPORATIONNot Halal2.82%NEW YORK CITY OFNot Halal2.69%THE PORT AUTHORITY OF NEW YORK AND NEW JERSEYNot Halal2.43%NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUENot Halal2.17%NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITYNot Halal2.14%NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUENot Halal2.11%NEW YORK POWER AUTHORITYNot Halal1.96%NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITYNot Halal1.75%NEW YORK LIBERTY DEVELOPMENT CORPORATIONNot Halal1.66%

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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$31.75

+0.19%

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Sprott Physical Gold and Silver Trust

$43.28

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Frequently Asked Questions

Is PIMCO New York Municipal Income Fund (PNI) halal to invest in?

PIMCO New York Municipal Income Fund (PNI) 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 PIMCO New York Municipal Income Fund get a F compliance rating?

PIMCO New York Municipal Income Fund'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 PIMCO New York Municipal Income Fund's Shariah verdict?

PIMCO New York Municipal Income Fund'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 PIMCO New York Municipal Income Fund re-screened for Shariah compliance?

PIMCO New York Municipal Income Fund (PNI) 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.