Is Nuveen New York Quality Municipal Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Nuveen New York Quality Municipal Income Fund (NAN) is currently classified as NOT HALAL as of December 2025. 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 New York 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 New York Quality Municipal Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Nuveen New York Quality Municipal Income Fund?

Muslim investors may consider investing in Nuveen New York 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 New York Quality Municipal Income Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Nuveen New York 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 New York Quality Municipal Income Fund updated?

The Shariah compliance status of Nuveen New York 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 New York 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 New York Quality Municipal Income Fund?

You can check the latest Shariah compliance status of Nuveen New York 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.

NAN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 19, 2025

Report Source: 2025 Annual Report

Nuveen New York Quality Municipal Income Fund. Stock Analysis NAN

United States N/A Small Cap Report: 2025 Annual

Nuveen New York Quality Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Boston, Massachusetts. Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objectives are to provide current income exempt from regular federal, New York State and New York City income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds. The company will invest at least 80% of its managed assets in investment-grade securities that, at the time of investment, are rated within the four highest grades (Baa or BBB or better) by at least one nationally recognized statistical rating organization (an NRSRO). The Fund may invest up to 20% of its managed assets in municipal securities that, at the time of investment, are rated below investment grade. The company may also invest up to 15% of its managed assets in inverse floating rate securities. The company invests in various sectors, such as transportation, healthcare, housing and others. Its investment adviser is Nuveen Fund Advisors, LLC.

Key Statistics of Nuveen New York Quality Municipal Income Fund (NAN)

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

Today's Range

$11.36$11.44

Today's Open

$11.37

Volume

107.06K

P/E Ratio (TTM)

52 Week Range

$10.79$11.67

Market Cap

356.69M

Avg. Volume

75.57K

Dividend Yield

1.23%

Financial Metrics & Statements of Nuveen New York Quality Municipal Income Fund (NAN)

FAQ's for Nuveen New York Quality Municipal Income Fund (NAN)

According to Musaffa’s Shariah screening methodology, Nuveen New York Quality Municipal Income Fund (NAN) is currently classified as NOT HALAL as of December 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.