Is WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. (MHF) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 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 | 81.1% | |
| Net Margin | 55.4% | |
| Return on Equity (ROE) | 2.4% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Total Debt | $3M |
| Debt-to-Equity | 1.8 |
| Current Ratio | 2.7 |
| Total Assets | $159M |
Price & Trading
| Last Close | $6.66 |
| 50-Day MA | $6.91 |
| 200-Day MA | $6.97 |
| Avg Volume | 57K |
| Beta | 0.5 |
|
52-Week Range
$6.61
| |
About WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. (MHF)
Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.
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Frequently Asked Questions
Is WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. (MHF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WESTERN ASSET MUNICIPAL HIGH INCOME FUND 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 WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC.'s debt ratio?
WESTERN ASSET MUNICIPAL HIGH INCOME FUND 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 WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC.'s key financial metrics?
WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. has a market capitalization of $147M, trailing P/E ratio of 36.9, and revenue of $4M. The company maintains a gross margin of 100.0% and a net margin of 55.4%. Return on equity stands at 2.4%.
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.