CNA Financial Corporation

CNA: Is CNA Financial Corporation Halal?

CNA Financial Corporation

NYSEFinancial ServicesUS

$48.98

-1.01%

Market Cap: 13.3B

Compliance Status

Not Halal

Screened on Aug 31, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is CNA Financial Corporation (CNA) halal? Not Halal. Based on AAOIFI screening, CNA Financial Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates CNA Financial Corporation (CNA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 31, 2026. Source: https://halalscreener.app/en/stock/CNA

Business activity

Involved in prohibited business activities.

Failed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

22.5% of 30.0% limit

What this means for you

Most scholars advise not holding CNA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About CNA Financial Corporation

CNA Financial Corporation is a prominent insurer primarily serving the United States market, specializing in commercial property and casualty solutions. Its operations are structured across five key segments: Specialty, Commercial, International, Life & Group, and Corporate & Other. The company delivers a comprehensive range of specialized insurance products and risk management services. These include professional liability coverages for various firms, such as architectural, real estate, accounting, and legal practices. It also offers directors and officers (D&O), employment practices, fiduciary, and fidelity insurance tailored for small, mid-sized, publicly traded, privately held companies, and non-profit organizations. For the healthcare industry, CNA provides professional and general liability, alongside standard property and casualty policies. Additional offerings encompass surety and fidelity bonds, as well as warranty and alternative risk products. Regarding broader property insurance, the company covers areas like general property, marine, boiler, and machinery. Its casualty insurance portfolio features workers' compensation, general and product liability, commercial auto, and umbrella coverages. CNA further designs specialized loss-sensitive insurance programs and comprehensive risk management services. Additionally, it manages run-off long-term care policies. The company addresses both 'long-tail' exposures, which include commercial automobile liability, workers' compensation, general and medical professional liability, various professional and management liabilities, and assumed reinsurance and product liability in run-off. It also handles 'short-tail' exposures, such as property, commercial automobile physical damage, marine, and surety risks. CNA's products reach a diverse clientele—ranging from small and large businesses to insurance companies, associations, professionals, and various groups—through an extensive network of independent agents, brokers, and general underwriters. The company serves numerous sectors, including marine, oil and gas, construction, manufacturing, life science, property, financial services, healthcare, and technology industries. Founded in 1853, CNA Financial Corporation is headquartered in Chicago, Illinois, and operates as a subsidiary of Loews Corporation.

Sector: Financial Services · Industry: Insurance - Property & Casualty

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 31, 2026

Business Activity Screen

Failed

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

  • Prohibited industry: Insurance - Property & Casualty

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Financial Services

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

Free · No credit card required

Track CNA and 6,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is CNA Financial Corporation (CNA) halal to invest in?
CNA Financial Corporation (CNA) 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 CNA Financial Corporation get a F compliance rating?
CNA Financial Corporation (CNA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 22.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change CNA Financial Corporation's Shariah verdict?
CNA Financial Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is CNA Financial Corporation re-screened for Shariah compliance?
CNA Financial Corporation (CNA) 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: Aug 31, 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.