Nuveen Minnesota Quality Municipal Income Fund NMS
$11.02
Last Updated: Aug 21, 12:00 AM·NYSE
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NMS Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Nuveen Minnesota Quality Municipal Income Fund is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Nuveen Minnesota Quality Municipal Income Fund. Stock Analysis NMS
United States N/A Micro Cap 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.
Nuveen Minnesota Quality Municipal Income Fund (NMS) Chart
Financial Metrics & Statements of Nuveen Minnesota Quality Municipal Income Fund (NMS)
FAQ's for Nuveen Minnesota Quality Municipal Income Fund (NMS)
- As of August 2026, Nuveen Minnesota Quality Municipal Income Fund NMS 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 Nuveen Minnesota Quality Municipal Income Fund using these criteria to determine its compliance status.
- 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.
- 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.
- 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.
- 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 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.
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