Is Nuveen Municipal Credit Income Fund (NZF) Halal?
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
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 86.9% | |
| Net Margin | 28.0% | |
| Return on Equity (ROE) | 2.3% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $119M |
| Free Cash Flow | $119M |
| Total Debt | $16M |
| Debt-to-Equity | 67.8 |
| Current Ratio | 0.3 |
| Total Assets | $4.2B |
Price & Trading
| Last Close | $11.97 |
| 50-Day MA | $12.62 |
| 200-Day MA | $12.36 |
| Avg Volume | 624K |
| Beta | 0.8 |
|
52-Week Range
$10.98
| |
About Nuveen Municipal Credit Income Fund (NZF)
Nuveen Municipal Credit 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 invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities rated Baa/BBB or better with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor's (S&P) National Municipal Bond Index. It was formerly known as Nuveen Enhanced Municipal Credit Opportunities Fund. Nuveen Municipal Credit Income Fund was formed on March 21, 2001 and is domiciled in the United States.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is Nuveen Municipal Credit Income Fund (NZF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen Municipal Credit 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 Municipal Credit Income Fund's debt ratio?
Nuveen Municipal Credit 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 Municipal Credit Income Fund's key financial metrics?
Nuveen Municipal Credit Income Fund has a market capitalization of $2.3B, trailing P/E ratio of 39.8, and revenue of $61M. The company maintains a gross margin of 100.0% and a net margin of 28.0%. Return on equity stands at 2.3%.
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.