Is Nuveen Quality Municipal Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Nuveen Quality Municipal Income Fund (NAD) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Nuveen Quality Municipal Income Fund a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Nuveen Quality Municipal Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Nuveen Quality Municipal Income Fund?

Muslim investors may consider investing in Nuveen Quality Municipal Income Fund if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Nuveen Quality Municipal Income Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Nuveen Quality Municipal Income Fund by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Nuveen Quality Municipal Income Fund updated?

The Shariah compliance status of Nuveen Quality Municipal Income Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Nuveen Quality Municipal Income Fund become non-compliant?

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.

Where can I check the Shariah status of Nuveen Quality Municipal Income Fund?

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

NAD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 20, 2026

Report Source: 2025 2nd Quarter Report

Nuveen Quality Municipal Income Fund. Stock Analysis NAD

United States N/A Mid Cap Report: Q2, 2025

Nuveen Quality Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. Nuveen Quality Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objectives are to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal securities that the Fund’s investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund will invest at least 80% of its assets in municipal securities and other related investments, the income from which is exempt from regular federal income taxes. The Fund may invest up to 20% of its Managed Assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. The Fund may invest up to 15% of its Managed Assets in inverse floating rate securities. Nuveen Fund Advisors, LLC acts as the Fund’s investment adviser.

Key Statistics of Nuveen Quality Municipal Income Fund (NAD)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$11.62$11.70

Today's Open

$11.68

Volume

538.16K

P/E Ratio (TTM)

5.93

52 Week Range

$10.98$12.31

Market Cap

2.79B

Avg. Volume

618.08K

Dividend Yield

7.24%

Financial Metrics & Statements of Nuveen Quality Municipal Income Fund (NAD)

FAQ's for Nuveen Quality Municipal Income Fund (NAD)

According to Musaffa’s Shariah screening methodology, Nuveen Quality Municipal Income Fund (NAD) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.