Is BlackRock Taxable Municipal Bond Trust (BBN) halal? Not Halal. Based on AAOIFI screening, BlackRock Taxable Municipal Bond Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

BlackRock Taxable Municipal Bond Trust

BBN: Is BlackRock Taxable Municipal Bond Trust Halal?

Not Halal

BlackRock Taxable Municipal Bond Trust

NYSEFinancial ServicesUS

$15.95

-0.25%

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds. The fund also invests in tax-exempt securities, U.S. treasury securities, obligations of the U.S. government, its agencies and instrumentalities, and corporate bonds. It was formerly known as BlackRock Build America Bond Trust. BlackRock Taxable Municipal Bond Trust was formed on August 27, 2010 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management - Bonds

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 15, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Basket-weighted haram holdings exceed 5% (150.9%)

Basket Composition

100% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

151%
Halal0%
Doubtful0%
Haram151%
Unknown0%

Top Holdings

Metropolitan Government of Nashville & Davidson County Convention Center Authharam3.73%City of Chicago IL Wastewater Transmission Revenueharam3.72%New Jersey Turnpike Authorityharam3.71%State of Illinoisharam2.60%Municipal Electric Authority of Georgiaharam2.51%American Municipal Power Incharam2.37%Pennsylvania Economic Development Financing Authorityharam2.37%Salt River Project Agricultural Improvement & Power Districtharam2.23%Tobacco Settlement Financing Corp/VAharam2.11%Municipal Electric Authority of Georgiaharam2.04%

Compliance History

  1. Not Halalnow

    current status

  2. Under Review

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 15, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

985.6M

Price

$15.95

Sector

Financial Services

Industry

Asset Management - Bonds

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Frequently Asked Questions

Is BlackRock Taxable Municipal Bond Trust (BBN) halal to invest in?
BlackRock Taxable Municipal Bond Trust (BBN) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did BlackRock Taxable Municipal Bond Trust get a F compliance rating?
BlackRock Taxable Municipal Bond Trust's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.
What could change BlackRock Taxable Municipal Bond Trust's Shariah verdict?
BlackRock Taxable Municipal Bond Trust's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.
How often is BlackRock Taxable Municipal Bond Trust re-screened for Shariah compliance?
BlackRock Taxable Municipal Bond Trust (BBN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 15, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.