Does Invesco Trust for Investment Grade Municipals pass AAOIFI screening?

Invesco Trust for Investment Grade Municipals (VGM) 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% (VGM: 0.0%), (3) interest-bearing deposits below 30% (VGM: 0.0%), and (4) prohibited income below 5% (VGM: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Invesco Trust for Investment Grade Municipals stock?

Invesco Trust for Investment Grade Municipals (VGM) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from VGM 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 Invesco Trust for Investment Grade Municipals for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Invesco Trust for Investment Grade Municipals (VGM) 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 VGM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Invesco Trust for Investment Grade Municipals (VGM) halal? Not Halal. Based on AAOIFI screening, Invesco Trust for Investment Grade Municipals has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

VGM: Is Invesco Trust for Investment Grade Municipals Halal?

Not Halal

Invesco Trust for Investment Grade Municipals

NYSEFinancial ServicesUS

$10.12

+0.60%

About Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 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% (154.3%)

Basket Composition

99% 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.

154%

Halal0%

Doubtful0%

Haram154%

Unknown0%

Top Holdings

New York City Municipal Water Finance Authorityharam1.86%City of Memphis TN Memphis Light Gas & Water Division Electric System Revenueharam1.37%California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village)haram1.23%Louisiana (State of)haram1.22%South Carolina (State of) Public Service Authority (Santee Cooper)haram1.17%Buckeye Tobacco Settlement Financing Authorityharam1.16%District of Columbia Water & Sewer Authorityharam1.09%New York (State of) Dormitory Authorityharam1.05%New York Liberty Development Corp. (3 World Trade Center)haram1.03%Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)haram0.98%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Screened: Jun 12, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

548.8M

Price

$10.12

Sector

Financial Services

Industry

Asset Management

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

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Frequently Asked Questions

Is Invesco Trust for Investment Grade Municipals (VGM) halal to invest in?

Invesco Trust for Investment Grade Municipals (VGM) 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 Invesco Trust for Investment Grade Municipals get a F compliance rating?

Invesco Trust for Investment Grade Municipals'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 Invesco Trust for Investment Grade Municipals's Shariah verdict?

Invesco Trust for Investment Grade Municipals'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 Invesco Trust for Investment Grade Municipals re-screened for Shariah compliance?

Invesco Trust for Investment Grade Municipals (VGM) 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 12, 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.