Is PGIM Municipal Income Opportunities ETF halal to invest in?

As of September 2026, PGIM Municipal Income Opportunities ETF PMIO 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 PGIM Municipal Income Opportunities 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 PGIM Municipal Income Opportunities ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for PGIM Municipal Income Opportunities ETF updated?

The Shariah compliance status of PGIM Municipal Income Opportunities 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 PGIM Municipal Income Opportunities 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 PGIM Municipal Income Opportunities ETF?

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

PGIM Municipal Income Opportunities ETF PMIO

PMIO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, PGIM Municipal Income Opportunities ETF is classified as not halal.

NOT HALAL

Is PGIM Municipal Income Opportunities ETF Halal?

Shariah Compliance Analysis of PMIO ETF

US Fixed Income Broad Credit

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

PMIO was created on 2024-06-14 by PGIM. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 35.66m in AUM and 62 holdings. PMIO combines a top-down and bottom-up proprietary research to create a portfolio of investment grade, tax-exempt US municipal bonds. The fund aims to maintain a weighted average portfolio duration of two to eight years.

PGIM Municipal Income Opportunities ETF (PMIO) Chart

Key Statistics of PGIM Municipal Income Opportunities ETF (PMIO)

Today's Open

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FAQ's for PGIM Municipal Income Opportunities ETF (PMIO)

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