MFS High Income Municipal Trust CXE
$3.65 $0.05 (1.35%) 1D
Last Updated: Jun 05, 12:00 AM·NYSE
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CXE Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, MFS High Income Municipal Trust is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
MFS High Income Municipal Trust. Stock Analysis CXE
United States N/A Micro Cap MFS High Income Municipal Trust is a US-based company operating in industry. The company is headquartered in Boston, Massachusetts. MFS High Income Municipal Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The Fund's investment adviser may invest 25% or more of the fund’s total assets in municipal instruments that finance similar projects, such as those relating to education, healthcare, housing, utilities, water, or sewers. The Fund's investment adviser may also invest in taxable instruments, including derivatives. The Fund invests in various jurisdiction, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, and Florida. The Fund’s investment adviser is Massachusetts Financial Services Company.
MFS High Income Municipal Trust (CXE) Chart
Financial Metrics & Statements of MFS High Income Municipal Trust (CXE)
FAQ's for MFS High Income Municipal Trust (CXE)
- As of August 2026, MFS High Income Municipal Trust CXE 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes MFS High Income Municipal Trust using these criteria to determine its compliance status.
- Muslim investors may consider investing in MFS High Income Municipal Trust if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of MFS High Income Municipal Trust by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of MFS High Income Municipal Trust may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of MFS High Income Municipal Trust on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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