Is BlackRock Municipal 2030 Target Term Trust (BTT) Halal?
Shariah Screening — 5 Standards
Based on financial data from July 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 80.3% | |
| Net Margin | 66.0% | |
| Return on Equity (ROE) | 3.5% | |
| Return on Assets (ROA) | 1.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $137M |
| Free Cash Flow | $137M |
| Total Debt | $70M |
| Debt-to-Equity | 53.8 |
| Current Ratio | 0.2 |
| Total Assets | $2.4B |
Price & Trading
| Last Close | $22.49 |
| 50-Day MA | $22.78 |
| 200-Day MA | $22.44 |
| Avg Volume | 108K |
| Beta | 0.5 |
|
52-Week Range
$20.20
| |
About BlackRock Municipal 2030 Target Term Trust (BTT)
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. It was formerly known as BlackRock Municipal Target Term Trust. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States.
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Frequently Asked Questions
Is BlackRock Municipal 2030 Target Term Trust (BTT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BlackRock Municipal 2030 Target Term Trust is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BlackRock Municipal 2030 Target Term Trust's debt ratio?
BlackRock Municipal 2030 Target Term Trust's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are BlackRock Municipal 2030 Target Term Trust's key financial metrics?
BlackRock Municipal 2030 Target Term Trust has a market capitalization of $1.5B, trailing P/E ratio of 24.6, and revenue of $47M. The company maintains a gross margin of 100.0% and a net margin of 66.0%. Return on equity stands at 3.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.