Is Nuveen Minnesota Quality Municipal Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Nuveen Minnesota Quality Municipal Income Fund (NMS) 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 Minnesota 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 Minnesota Quality Municipal Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Nuveen Minnesota Quality Municipal Income Fund?

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

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

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

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

You can check the latest Shariah compliance status of Nuveen Minnesota 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.

NMS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 17, 2025

Report Source: 2025 Annual Report

Nuveen Minnesota Quality Municipal Income Fund. Stock Analysis NMS

Q: Can a halal stock like Nuveen Minnesota 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.

United States N/A Micro Cap Report: 2025 Annual

Nuveen Minnesota Quality Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2014-10-06. Nuveen Minnesota Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The primary objective of the Fund is to provide current income exempt from regular federal and Minnesota personal income taxes. The Fund's secondary investment objective is to enhance portfolio value. The Fund invests in municipal securities that are exempt from regular federal and Minnesota personal income taxes. The Fund invests at least 80% of its managed assets in investment grade securities rated at the time of investment; investment grade or, if they are unrated, are judged to be of comparable quality. 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 or are unrated but judged to be of comparable quality. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.

Key Statistics of Nuveen Minnesota Quality Municipal Income Fund (NMS)

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

Today's Range

$12.05$12.16

Today's Open

$12.15

Volume

3181.00

P/E Ratio (TTM)

52 Week Range

$11.07$12.49

Market Cap

75.96M

Avg. Volume

13.02K

Dividend Yield

6.28%

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

FAQ's for Nuveen Minnesota Quality Municipal Income Fund (NMS)

According to Musaffa’s Shariah screening methodology, Nuveen Minnesota Quality Municipal Income Fund (NMS) 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.