Rivernorth Opportunistic Municipal Income Fund Inc RMI
$15.20 $0.02 (0.13%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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RMI Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Rivernorth Opportunistic Municipal Income Fund Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Rivernorth Opportunistic Municipal Income Fund Inc. Stock Analysis RMI
United States N/A Micro Cap 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.
Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Chart
Financial Metrics & Statements of Rivernorth Opportunistic Municipal Income Fund Inc (RMI)
FAQ's for Rivernorth Opportunistic Municipal Income Fund Inc (RMI)
- As of August 2026, Rivernorth Opportunistic Municipal Income Fund Inc RMI 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 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.
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