Is NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 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 | 85.8% | |
| Net Margin | 8.2% | |
| Return on Equity (ROE) | 0.6% | |
| Return on Assets (ROA) | 2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $186M |
| Free Cash Flow | $186M |
| Total Debt | $173M |
| Debt-to-Equity | 52.1 |
| Current Ratio | 2.1 |
| Total Assets | $476M |
Price & Trading
| Last Close | $14.63 |
| 50-Day MA | $15.34 |
| 200-Day MA | $15.01 |
| Avg Volume | 68K |
| Beta | 0.6 |
|
52-Week Range
$14.00
| |
About NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD)
MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States.
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Frequently Asked Questions
Is NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NYLI MacKay DefinedTerm Muni Opportunities 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 NYLI MacKay DefinedTerm Muni Opportunities Fund's debt ratio?
NYLI MacKay DefinedTerm Muni Opportunities 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 NYLI MacKay DefinedTerm Muni Opportunities Fund's key financial metrics?
NYLI MacKay DefinedTerm Muni Opportunities Fund has a market capitalization of $274M, trailing P/E ratio of 145.7, and revenue of $1M. The company maintains a gross margin of 100.0% and a net margin of 8.2%. Return on equity stands at 0.6%.
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.