Is Nuveen Taxable Municipal Income Fund (NBB) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $31M |
| Free Cash Flow | $31M |
| Total Debt | $198M |
| Total Assets | $846M |
Price & Trading
| Last Close | $15.38 |
| 50-Day MA | $15.89 |
| 200-Day MA | $15.96 |
| Avg Volume | 68K |
|
52-Week Range
$14.52
| |
About Nuveen Taxable Municipal Income Fund (NBB)
Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments. It invests in Build America Bonds, i.e. taxable municipal securities. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Build America Bond Index. The fund was formerly known as Nuveen Build America Bond Fund. Nuveen Taxable Municipal Income Fund was formed on December 4, 2009 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Taxable Municipal Income Fund (NBB) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Taxable Municipal Income 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 Nuveen Taxable Municipal Income Fund's debt ratio?
Nuveen Taxable Municipal Income 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 Nuveen Taxable Municipal Income Fund's key financial metrics?
Nuveen Taxable Municipal Income Fund has a market capitalization of $446M, trailing P/E ratio of 42.2, and revenue of $24M.
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.