Is Putnam Premier Income Trust (PPT) halal? Not Halal. Based on AAOIFI screening, Putnam Premier Income Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Putnam Premier Income Trust

PPT: Is Putnam Premier Income Trust Halal?

Not Halal

Putnam Premier Income Trust

NYSEFinancial ServicesUS

$3.47

-0.29%

About Putnam Premier Income Trust

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States.

Sector: Financial Services 路 Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 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% (132.1%)

Basket Composition

90% 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.

132%
Halal0%
Doubtful0%
Haram132%
Unknown0%

Top Holdings

FNMA or FHLMCharam31.22%Putnam Short Term Investment Fundunknown4.93%GNMAharam3.08%Franklin Ultra Short Bond ETFunknown2.56%FNMA or FHLMCharam2.27%GNMAharam2.22%Putnam Government Money Market Fundharam2.11%FNMA or FHLMCharam1.41%FNMAharam0.64%FHLMCharam0.55%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Under Review

    until the change above

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

Screened: Jun 18, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

331.6M

Price

$3.47

Sector

Financial Services

Industry

Asset Management - Income

Halal Alternatives in Financial Services

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

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Inflection Point Acquisition Corp. III
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Frequently Asked Questions

Is Putnam Premier Income Trust (PPT) halal to invest in?
Putnam Premier Income Trust (PPT) 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 Putnam Premier Income Trust get a F compliance rating?
Putnam Premier Income 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 Putnam Premier Income Trust's Shariah verdict?
Putnam Premier Income 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 Putnam Premier Income Trust re-screened for Shariah compliance?
Putnam Premier Income Trust (PPT) 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 18, 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.