Is Nuveen AMT-Free Municipal Value Fund (NUW) Halal?

NYSE Financial Services United States $249M
✗ NOT HALAL
Confidence: 95/100
Nuveen AMT-Free Municipal Value Fund (NUW) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from October 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

P/E Ratio
27.8
EPS
$0.50
Dividend Yield
419.0%
Payout: 116.4%
Revenue
$9M

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%

Cash Flow & Balance Sheet

Total Assets$295M

Price & Trading

Last Close$13.99
50-Day MA$14.36
200-Day MA$14.11
Avg Volume32K
52-Week Range
$13.04
$14.62

About Nuveen AMT-Free Municipal Value Fund (NUW)

CEO
Mr. Thomas C. Spalding Jr., C.F.A.
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$249M
Currency
USD

Nuveen AMT-Free Municipal Value Fund is a close-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 fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors. It primarily invests its assets in a portfolio of municipal securities. The fund uses value oriented strategy to make its investments. It employs a fundamental analysis with a combination of top-down and bottom-up stock picking approach to create its portfolio. The fund conducts in-house research to make its investments. Nuveen AMT-Free Municipal Value Fund was formed on November 19, 2008 and is domiciled in the United States.

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Frequently Asked Questions

Is Nuveen AMT-Free Municipal Value Fund (NUW) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund's debt ratio?

Nuveen AMT-Free Municipal Value 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 AMT-Free Municipal Value Fund's key financial metrics?

Nuveen AMT-Free Municipal Value Fund has a market capitalization of $249M, trailing P/E ratio of 27.8, and revenue of $9M.

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.