Does Invesco Trust for Investment Grade New York Municipals pass AAOIFI screening?

Invesco Trust for Investment Grade New York Municipals (VTN) 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% (VTN: 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 Invesco Trust for Investment Grade New York Municipals 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 Invesco Trust for Investment Grade New York Municipals (VTN) using the latest financial data.

Where can I screen Invesco Trust for Investment Grade New York Municipals for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Invesco Trust for Investment Grade New York Municipals (VTN) 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 VTN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

VTN: Is Invesco Trust for Investment Grade New York Municipals Halal?

Invesco Trust for Investment Grade New York Municipals

NYSEFinancial ServicesUS

$10.80

+0.56%

Market Cap: 157.8M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Invesco Trust for Investment Grade New York Municipals (VTN) halal? Not Halal. Based on AAOIFI screening, Invesco Trust for Investment Grade New York Municipals 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 Invesco Trust for Investment Grade New York Municipals

The Invesco Trust for Investment Grade New York Municipals is a closed-end mutual fund from Invesco Ltd. that focuses on fixed income investments. Its management is a collaborative effort involving a range of Invesco's global asset management subsidiaries, specifically Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. The fund's primary investment strategy involves allocating capital within the fixed income markets of the United States. It predominantly targets investment-grade municipal debt instruments issued by New York entities, such as municipal bonds, notes, commercial paper, and lease obligations. Its portfolio is constructed using a disciplined methodology that integrates fundamental analysis with a bottom-up approach to security selection. Initially known as Invesco Van Kampen Trust for Investment Grade New York Municipals, this fund commenced operations on March 27, 1992, and is legally established 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 Urban Development Corp. (Bidding Group 3)Not Halal4.78%Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)Not Halal4.07%New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)Not Halal3.87%New York & New Jersey (States of) Port AuthorityNot Halal3.67%Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)Not Halal3.56%Rockland Tobacco Asset Securitization Corp.Not Halal3.08%New York (State of) Dormitory AuthorityNot Halal2.57%New York (City of), NY Municipal Water Finance AuthorityNot Halal2.35%New York (City of), NYNot Halal1.98%MTA Hudson Rail Yards Trust ObligationsNot Halal1.94%

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 Invesco Trust for Investment Grade New York Municipals (VTN) halal to invest in?

Invesco Trust for Investment Grade New York Municipals (VTN) 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 Trust for Investment Grade New York Municipals get a F compliance rating?

Invesco Trust for Investment Grade New York Municipals'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 Trust for Investment Grade New York Municipals's Shariah verdict?

Invesco Trust for Investment Grade New York Municipals'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 Trust for Investment Grade New York Municipals re-screened for Shariah compliance?

Invesco Trust for Investment Grade New York Municipals (VTN) 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.