Is BLACKROCK MUNIYIELD QUALITY FUND III, INC. (MYI) Halal?
Shariah Screening — 5 Standards
Based on financial data from July 2024
| 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 | 88.0% | |
| Net Margin | -66.6% | |
| Return on Equity (ROE) | -5.0% | |
| Return on Assets (ROA) | 2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $81M |
| Free Cash Flow | $81M |
| Total Debt | $14,535 |
| Debt-to-Equity | 69.8 |
| Current Ratio | 0.1 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $10.46 |
| 50-Day MA | $11.06 |
| 200-Day MA | $10.84 |
| Avg Volume | 197K |
| Beta | 0.6 |
|
52-Week Range
$9.98
| |
About BLACKROCK MUNIYIELD QUALITY FUND III, INC. (MYI)
BlackRock MuniYield Quality Fund III, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes. BlackRock MuniYield Quality Fund III, Inc. was formed in April 13, 1992 and is domiciled in United States.
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Frequently Asked Questions
Is BLACKROCK MUNIYIELD QUALITY FUND III, INC. (MYI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BLACKROCK MUNIYIELD QUALITY FUND III, 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 BLACKROCK MUNIYIELD QUALITY FUND III, INC.'s debt ratio?
BLACKROCK MUNIYIELD QUALITY FUND III, 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 BLACKROCK MUNIYIELD QUALITY FUND III, INC.'s key financial metrics?
BLACKROCK MUNIYIELD QUALITY FUND III, INC. has a market capitalization of $695M, and revenue of $39M. The company maintains a gross margin of 100.0% and a net margin of -66.6%. Return on equity stands at -5.0%.
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.