Invest on your own
Build your own portfolio, stock by stock.
We do it for you
Professionally managed portfolios, built and rebalanced for you.
NEW
How we screen every stock
Our halal screening & purification process in 3 minutes
Screeners
Your portfolio
Calculators
TOOL
Check any stock in seconds
Search 11,000+ tickers and see the halal verdict instantly.
Our certifications
Independent proof that every stock and portfolio meets halal standards.
METHODOLOGY
How we screen every stock
Our 5-step halal methodology, in 90 seconds.
Get help
NEW
Halal investing 101
A beginner-friendly intro to investing the halal way.
Plans by product
COMPARE
Find your plan
See every feature side-by-side and pick what fits.
Investors
INVESTORS
Invest in Musaffa
We're building the financial house for 1.9B Muslims. See the deck.
RMI Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: December 24, 2025
Report Source: 2025 Annual Report
Rivernorth Opportunistic Municipal Income Fund Inc. Stock Analysis RMI
United States N/A Micro Cap Report: Rivernorth Opportunistic Municipal Income Fund Inc is a US-based company operating in industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2018-10-26. Rivernorth Opportunistic Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular United States federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (Municipal Bonds). The Fund’s investment adviser is RiverNorth Capital Management, LLC (the Adviser) and the Fund’s sub-adviser is MacKay.
Read More Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Chart
Key Statistics of Rivernorth Opportunistic Municipal Income Fund Inc (RMI)
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
$15.50Volume
1850.00P/E Ratio (TTM)
-52 Week Range
Market Cap
95.87MAvg. Volume
10.92KDividend Yield
7.39%Financial Metrics & Statements of Rivernorth Opportunistic Municipal Income Fund Inc (RMI)
FAQ's for Rivernorth Opportunistic Municipal Income Fund Inc (RMI)
- According to Musaffa’s Shariah screening methodology, Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 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 Rivernorth Opportunistic Municipal Income Fund Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Rivernorth Opportunistic 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 Rivernorth Opportunistic 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 Rivernorth Opportunistic 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 Rivernorth Opportunistic 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.