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

According to Musaffa's Shariah screening methodology, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) 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 AMT-Free 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 AMT-Free Quality Municipal Income Fund using these criteria to determine its compliance status.

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

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

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

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

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

NRK Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 19, 2025

Report Source: 2025 Annual Report

Nuveen New York AMT-Free Quality Municipal Income Fund. Stock Analysis NRK

Q: Can a halal stock like Nuveen New York AMT-Free 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 Small Cap Report: 2025 Annual

Nuveen New York AMT-Free Quality Municipal Income Fund is a US-based company operating in industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2002-11-22. Nuveen New York AMT-Free Quality Municipal Income Fund (Fund) is a closed-end management investment company. The Fund's investment objectives are to provide current income exempt from regular federal, New York State and New York City income taxes and from the federal alternative minimum tax (AMT) applicable to individuals. Its objective is to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund invests at least 80% of its assets in municipal securities and other related investments the income from which is exempt. The Fund invests in various municipal securities, including municipal bonds and notes, other securities issued to finance and refinance public projects, and other related securities and derivative instruments. The investment advisor of the Fund is Nuveen Fund Advisors, LLC.

Key Statistics of Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)

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

Today's Range

$10.38$10.47

Today's Open

$10.45

Volume

430.48K

P/E Ratio (TTM)

12.53

52 Week Range

$9.30$10.77

Market Cap

915.10M

Avg. Volume

268.99K

Dividend Yield

6.91%

Financial Metrics & Statements of Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)

FAQ's for Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)

According to Musaffa’s Shariah screening methodology, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) 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.