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NMI Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: December 22, 2025
Report Source: 2025 2nd Quarter Report
Nuveen Municipal Income Fund Inc. Stock Analysis NMI
United States N/A Micro Cap Report: Nuveen Municipal Income Fund Inc is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. Nuveen Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is a high level of current income exempt from federal income tax, which the Fund seeks to achieve by investing primarily in a diversified portfolio of tax-exempt municipal obligations. Under normal circumstances, 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 company 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 company may invest up to 15% of its Managed Assets in inverse floating rate securities. The Fund's portfolio includes tax obligation/limited, transportation, education and civic organizations, utilities, long term care, tax obligation/general, consumer staples and industrials. Nuveen Fund Advisors, LLC is the Fund's investment adviser.
Read More Nuveen Municipal Income Fund Inc (NMI) Chart
Key Statistics of Nuveen Municipal Income Fund Inc (NMI)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$10.98Volume
28.15KP/E Ratio (TTM)
8.5352 Week Range
Market Cap
120.66MAvg. Volume
16.09KDividend Yield
3.77%Financial Metrics & Statements of Nuveen Municipal Income Fund Inc (NMI)
FAQ's for Nuveen Municipal Income Fund Inc (NMI)
- According to Musaffa’s Shariah screening methodology, Nuveen Municipal Income Fund Inc (NMI) 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Nuveen Municipal Income Fund Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Nuveen Municipal Income Fund Inc 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 Nuveen Municipal Income Fund Inc 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 Nuveen Municipal Income Fund Inc 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 Nuveen Municipal Income Fund Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.