Is T. Rowe Price Intermediate Municipal Income ETF halal to invest in?

As of September 2026, T. Rowe Price Intermediate Municipal Income ETF TAXE 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 T. Rowe Price Intermediate 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 T. Rowe Price Intermediate Municipal Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for T. Rowe Price Intermediate Municipal Income ETF updated?

The Shariah compliance status of T. Rowe Price Intermediate 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 T. Rowe Price Intermediate 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 T. Rowe Price Intermediate Municipal Income ETF?

You can check the latest Shariah compliance status of T. Rowe Price Intermediate Municipal Income ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

T. Rowe Price Intermediate Municipal Income ETF TAXE

TAXE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, T. Rowe Price Intermediate Municipal Income ETF is classified as not halal.

NOT HALAL

Is T. Rowe Price Intermediate Municipal Income ETF Halal?

Shariah Compliance Analysis of TAXE ETF

US Fixed Income Broad Credit

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

TAXE was created on 2024-07-10 by T. Rowe Price. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 106.94m in AUM and 326 holdings. TAXE is actively managed, seeking the highest level of income by targeting municipal securities that are exempt from federal income taxes. These securities have intermediate-term maturities in nature and are of any credit quality.

T. Rowe Price Intermediate Municipal Income ETF (TAXE) Chart

Key Statistics of T. Rowe Price Intermediate Municipal Income ETF (TAXE)

Today's Open

AUM

Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for T. Rowe Price Intermediate Municipal Income ETF (TAXE)

As of September 2026, T. Rowe Price Intermediate Municipal Income ETF TAXE 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 T. Rowe Price Intermediate Municipal Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of T. Rowe Price Intermediate 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 T. Rowe Price Intermediate Municipal Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.