Is Nuveen Minnesota Quality Municipal Income Fund (NMS) 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 | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | $2M |
| Total Debt | $57,068 |
| Total Assets | $120M |
Price & Trading
| Last Close | $12.00 |
| 50-Day MA | $12.02 |
| 200-Day MA | $11.74 |
| Avg Volume | 18K |
|
52-Week Range
$11.07
| |
About Nuveen Minnesota Quality Municipal Income Fund (NMS)
Nuveen Minnesota Quality 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 primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes. It seeks to invest in securities that are rated at least Baa/BBB or better by S&P, Moody's, or Fitch. The fund was formerly known as Nuveen Minnesota Municipal Income Fund. Nuveen Minnesota Quality Municipal Income Fund was formed on June 25, 1993 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen Minnesota Quality Municipal Income Fund (NMS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Minnesota Quality 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 Minnesota Quality Municipal Income Fund's debt ratio?
Nuveen Minnesota Quality 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 Minnesota Quality Municipal Income Fund's key financial metrics?
Nuveen Minnesota Quality Municipal Income Fund has a market capitalization of $74M, and revenue of -$88,506.
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.