Is BNY MELLON STRATEGIC MUNICIPALS, INC. (LEO) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 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 | 87.8% | |
| Net Margin | -43.7% | |
| Return on Equity (ROE) | -3.0% | |
| Return on Assets (ROA) | 2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13M |
| Free Cash Flow | $13M |
| Total Debt | $139M |
| Debt-to-Equity | 32.8 |
| Current Ratio | 0.1 |
| Total Assets | $646M |
Price & Trading
| Last Close | $6.07 |
| 50-Day MA | $6.40 |
| 200-Day MA | $6.18 |
| Avg Volume | 172K |
| Beta | 0.7 |
|
52-Week Range
$5.55
| |
About BNY MELLON STRATEGIC MUNICIPALS, INC. (LEO)
BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Strategic Municipals, Inc. BNY Mellon Strategic Municipals, Inc. was formed on September 23, 1987 and is domiciled in the United States.
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Frequently Asked Questions
Is BNY MELLON STRATEGIC MUNICIPALS, INC. (LEO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BNY MELLON STRATEGIC MUNICIPALS, INC. 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 BNY MELLON STRATEGIC MUNICIPALS, INC.'s debt ratio?
BNY MELLON STRATEGIC MUNICIPALS, INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are BNY MELLON STRATEGIC MUNICIPALS, INC.'s key financial metrics?
BNY MELLON STRATEGIC MUNICIPALS, INC. has a market capitalization of $387M, and revenue of -$13M. The company maintains a gross margin of 100.0% and a net margin of -43.7%. Return on equity stands at -3.0%.
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.