Is BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (MYN) 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 | 87.4% | |
| Net Margin | -112.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $28M |
| Free Cash Flow | $28M |
| Total Debt | $9,703 |
| Debt-to-Equity | 68.9 |
| Current Ratio | 0.1 |
| Total Assets | $718M |
Price & Trading
| Last Close | $9.68 |
| 50-Day MA | $10.00 |
| 200-Day MA | $9.81 |
| Avg Volume | 134K |
| Beta | 0.8 |
|
52-Week Range
$9.12
| |
About BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (MYN)
BlackRock MuniYield New York Quality Fund, 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 bonds exempt from federal income taxes and New York State and New York City personal income taxes. BlackRock MuniYield New York Quality Fund, Inc was formed on March 16, 1992 and is domiciled in United States.
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Frequently Asked Questions
Is BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (MYN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BLACKROCK MUNIYIELD NEW YORK QUALITY 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 BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.'s debt ratio?
BLACKROCK MUNIYIELD NEW YORK QUALITY 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 BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.'s key financial metrics?
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. has a market capitalization of $368M, and revenue of $19M. The company maintains a gross margin of 100.0% and a net margin of -112.3%.
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.