Is Nuveen High Yield Municipal Income ETF halal to invest in?

As of September 2026, Nuveen High Yield Municipal Income ETF NHYM 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 Nuveen High Yield Municipal Income 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 Nuveen High Yield Municipal Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Nuveen High Yield Municipal Income ETF updated?

The Shariah compliance status of Nuveen High Yield Municipal Income 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 Nuveen High Yield Municipal Income 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 Nuveen High Yield Municipal Income ETF?

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

Nuveen High Yield Municipal Income ETF NHYM

NHYM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nuveen High Yield Municipal Income ETF is classified as not halal.

NOT HALAL

Is Nuveen High Yield Municipal Income ETF Halal?

Shariah Compliance Analysis of NHYM ETF

US Fixed Income High Yield

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

NHYM was created on 2025-01-22 by Nuveen. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 87.8m in AUM and 197 holdings. NHYM seeks to provide federal tax-exempt current income through an actively managed portfolio of high-yield US municipal bonds. The fund maintains an overall weighted average maturity of greater than 10 years.

Nuveen High Yield Municipal Income ETF (NHYM) Chart

Key Statistics of Nuveen High Yield Municipal Income ETF (NHYM)

Today's Open

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FAQ's for Nuveen High Yield Municipal Income ETF (NHYM)

As of September 2026, Nuveen High Yield Municipal Income ETF NHYM 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 Nuveen High Yield Municipal Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of Nuveen High Yield Municipal Income 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 Nuveen High Yield Municipal Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.