Does BlackRock MuniHoldings California Quality Fund, Inc. pass AAOIFI screening?

BlackRock MuniHoldings California Quality Fund, Inc. (MUC) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (MUC: 0.0%), (3) interest-bearing deposits below 30% (MUC: 0.0%), and (4) prohibited income below 5% (MUC: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for BlackRock MuniHoldings California Quality Fund, Inc. stock?

BlackRock MuniHoldings California Quality Fund, Inc. (MUC) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MUC shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen BlackRock MuniHoldings California Quality Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for BlackRock MuniHoldings California Quality Fund, Inc. (MUC) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MUC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is BlackRock MuniHoldings California Quality Fund, Inc. (MUC) halal? Not Halal. Based on AAOIFI screening, BlackRock MuniHoldings California Quality Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

MUC: Is BlackRock MuniHoldings California Quality Fund, Inc. Halal?

Not Halal

BlackRock MuniHoldings California Quality Fund, Inc.

NYSEFinancial ServicesUS

$10.84

+1.03%

About BlackRock MuniHoldings California Quality Fund, Inc.

The BlackRock MuniHoldings California Quality Fund, Inc. (MUC) is a closed-end investment vehicle initially brought to market by BlackRock, Inc. Its day-to-day management falls under the purview of BlackRock Advisors, LLC. This fund primarily allocates capital within the fixed-income sector, focusing predominantly on a portfolio of high-quality, long-term municipal debt instruments. A significant benefit of these holdings is that the interest they generate is exempt from both federal and California state income taxes. MUC was established in 1997 and operates from its domicile in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

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% (165.1%)

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.

165%

Halal0%

Doubtful0%

Haram165%

Unknown0%

Top Holdings

University of Californiaharam5.28%California Community Choice Financing Authorityharam4.84%California Community Choice Financing Authorityharam4.31%BlackRock Liquidity Fundsharam4.09%California Community Choice Financing Authorityharam3.87%California Community Choice Financing Authorityharam3.12%San Francisco City & County Airport Comm-San Francisco International Airportharam2.78%California Community Choice Financing Authorityharam2.60%Golden State Tobacco Securitization Corpharam2.44%Los Angeles Unified School District/CAharam2.43%

Compliance History

Not Halalnow
current status
Under Review
until the change above

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

Screened: Jun 17, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

1.0B

Price

$10.84

Sector

Financial Services

Industry

Asset Management

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$388.60

+0.17%

SLVA+

iShares Silver Trust

$60.61

+0.47%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

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PYPL

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BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is BlackRock MuniHoldings California Quality Fund, Inc. (MUC) halal to invest in?

BlackRock MuniHoldings California Quality Fund, Inc. (MUC) 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 MuniHoldings California Quality Fund, Inc. get a F compliance rating?

BlackRock MuniHoldings California Quality Fund, Inc.'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 MuniHoldings California Quality Fund, Inc.'s Shariah verdict?

BlackRock MuniHoldings California Quality Fund, Inc.'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 MuniHoldings California Quality Fund, Inc. re-screened for Shariah compliance?

BlackRock MuniHoldings California Quality Fund, Inc. (MUC) 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 17, 2026.

Screened according to AAOIFI Standard No. 21 · 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.