Is RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 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 | $9M |
| Free Cash Flow | $9M |
| Total Debt | $62M |
| Total Assets | $162M |
Price & Trading
| Last Close | $14.79 |
| 50-Day MA | $15.24 |
| 200-Day MA | $14.58 |
| Avg Volume | 37K |
|
52-Week Range
$13.63
| |
About RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
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Frequently Asked Questions
Is RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RiverNorth Opportunistic Municipal Income Fund, Inc. 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 RiverNorth Opportunistic Municipal Income Fund, Inc.'s debt ratio?
RiverNorth Opportunistic Municipal Income Fund, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are RiverNorth Opportunistic Municipal Income Fund, Inc.'s key financial metrics?
RiverNorth Opportunistic Municipal Income Fund, Inc. has a market capitalization of $95M, trailing P/E ratio of 124.6, and revenue of -$3M.
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.