Is PUTNAM MANAGED MUNICIPAL INCOME TRUST (PMM) 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 | 87.8% | |
| Net Margin | 36.7% | |
| Return on Equity (ROE) | 1.8% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $26M |
| Free Cash Flow | $26M |
| Debt-to-Equity | 3.1 |
| Current Ratio | 2.0 |
| Total Assets | $406M |
Price & Trading
| Last Close | $5.99 |
| 50-Day MA | $6.28 |
| 200-Day MA | $6.09 |
| Avg Volume | 99K |
| Beta | 0.8 |
|
52-Week Range
$5.66
| |
About PUTNAM MANAGED MUNICIPAL INCOME TRUST (PMM)
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.
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Frequently Asked Questions
Is PUTNAM MANAGED MUNICIPAL INCOME TRUST (PMM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PUTNAM MANAGED MUNICIPAL INCOME TRUST 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 PUTNAM MANAGED MUNICIPAL INCOME TRUST's debt ratio?
PUTNAM MANAGED MUNICIPAL INCOME TRUST's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are PUTNAM MANAGED MUNICIPAL INCOME TRUST's key financial metrics?
PUTNAM MANAGED MUNICIPAL INCOME TRUST has a market capitalization of $256M, trailing P/E ratio of 33.1, and revenue of $12M. The company maintains a gross margin of 100.0% and a net margin of 36.7%. Return on equity stands at 1.8%.
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.