Is WESTERN ASSET MANAGED MUNICIPALS FUND INC. (MMU) 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 | 79.0% | |
| Net Margin | 6.4% | |
| Return on Equity (ROE) | 0.4% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $36M |
| Free Cash Flow | $36M |
| Total Debt | $14M |
| Debt-to-Equity | 48.9 |
| Current Ratio | 2.6 |
| Total Assets | $900M |
Price & Trading
| Last Close | $10.07 |
| 50-Day MA | $10.51 |
| 200-Day MA | $10.28 |
| Avg Volume | 127K |
| Beta | 0.6 |
|
52-Week Range
$9.46
| |
About WESTERN ASSET MANAGED MUNICIPALS FUND INC. (MMU)
Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax. It invests primarily in investment grade municipal securities. The fund employs intensive proprietary research to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Municipal Bond Index. The fund was formerly known as Managed Municipals Portfolio Inc. Western Asset Managed Municipals Fund Inc. was formed on June 26, 1992 and is domiciled in the United States.
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Frequently Asked Questions
Is WESTERN ASSET MANAGED MUNICIPALS FUND INC. (MMU) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WESTERN ASSET MANAGED MUNICIPALS 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 MANAGED MUNICIPALS FUND INC.'s debt ratio?
WESTERN ASSET MANAGED MUNICIPALS 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 MANAGED MUNICIPALS FUND INC.'s key financial metrics?
WESTERN ASSET MANAGED MUNICIPALS FUND INC. has a market capitalization of $545M, trailing P/E ratio of 249.5, and revenue of $9M. The company maintains a gross margin of 100.0% and a net margin of 6.4%. Return on equity stands at 0.4%.
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.