Is Federated Hermes Premier Municipal Income Fund (FMN) Halal?
Shariah Screening — 5 Standards
Based on financial data from November 2025
| 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 | 87.9% | |
| Net Margin | 12.0% | |
| Return on Equity (ROE) | 0.9% | |
| Return on Assets (ROA) | 2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $4M |
| Free Cash Flow | $4M |
| Debt-to-Equity | 68.9 |
| Current Ratio | 3.4 |
| Total Assets | $166M |
Price & Trading
| Last Close | $10.70 |
| 50-Day MA | $11.18 |
| 200-Day MA | $10.97 |
| Avg Volume | 27K |
| Beta | 0.6 |
|
52-Week Range
$10.11
| |
About Federated Hermes Premier Municipal Income Fund (FMN)
Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors. It benchmarks the performance of its portfolio against S&P Municipal Bond Index. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.
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Frequently Asked Questions
Is Federated Hermes Premier Municipal Income Fund (FMN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Federated Hermes Premier Municipal Income Fund 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 Federated Hermes Premier Municipal Income Fund's debt ratio?
Federated Hermes Premier Municipal Income Fund's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Federated Hermes Premier Municipal Income Fund's key financial metrics?
Federated Hermes Premier Municipal Income Fund has a market capitalization of $83M, trailing P/E ratio of 88.8, and revenue of $977,819. The company maintains a gross margin of 100.0% and a net margin of 12.0%. Return on equity stands at 0.9%.
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.