Is Eaton Vance High Income Municipal ETF halal to invest in?

As of September 2026, Eaton Vance High Income Municipal ETF EVYM is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Eaton Vance High Income Municipal ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Eaton Vance High Income Municipal ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Eaton Vance High Income Municipal ETF updated?

The Shariah compliance status of Eaton Vance High Income Municipal ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Eaton Vance High Income Municipal ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Eaton Vance High Income Municipal ETF?

You can check the latest Shariah compliance status of Eaton Vance High Income Municipal ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Eaton Vance High Income Municipal ETF EVYM

EVYM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Eaton Vance High Income Municipal ETF is classified as not halal.

NOT HALAL

Is Eaton Vance High Income Municipal ETF Halal?

Shariah Compliance Analysis of EVYM ETF

US Fixed Income High Yield

No. As of September 2026, Eaton Vance High Income Municipal ETF (EVYM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Eaton Vance High Income Municipal ETF does not pass Musaffa's business and financial screening criteria.

EVYM was created on 2025-02-25 by Eaton Vance. The fund's investment portfolio concentrates primarily on high yield fixed income. EVYM actively invests in US municipal debt that are exempt from federal income tax, primarily having a below investment grade rating and maturities with ten or more years. Securities are selected based on issuers creditworthiness.

Eaton Vance High Income Municipal ETF (EVYM) Chart

Key Statistics of Eaton Vance High Income Municipal ETF (EVYM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Eaton Vance High Income Municipal ETF (EVYM)

As of September 2026, Eaton Vance High Income Municipal ETF EVYM is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Eaton Vance High Income Municipal ETF using these criteria to determine its compliance status.
The Shariah compliance status of Eaton Vance High Income Municipal ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Eaton Vance High Income Municipal ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.