What is Hennessy Advisors, Inc.'s Shariah compliance score?

Hennessy Advisors, Inc.'s (HNNA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Hennessy Advisors, Inc. pass AAOIFI screening?

Hennessy Advisors, Inc. (HNNA) 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% (HNNA: 51.7%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Hennessy Advisors, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Hennessy Advisors, Inc. (HNNA) using the latest financial data.

Where can I screen Hennessy Advisors, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Hennessy Advisors, Inc. (HNNA) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HNNA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HNNA: Is Hennessy Advisors, Inc. Halal?

Hennessy Advisors, Inc.

NASDAQFinancial ServicesUS

$9.92

+0.20%

Market Cap: 78.4M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Hennessy Advisors, Inc. (HNNA) halal? Not Halal. Based on AAOIFI screening, Hennessy Advisors, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

51.7% of 30.0% limit

What this means for you

Most scholars advise not holding HNNA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Hennessy Advisors, Inc.

Operating as a publicly traded entity, Hennessy Advisors, Inc. is an investment management firm that provides its expertise to the Hennessy Funds and other investment companies. The firm is responsible for establishing and overseeing a diverse array of mutual funds, including those focused on equities, fixed income, and balanced strategies. Their investment scope extends across public equity and fixed income markets worldwide, with a primary emphasis on growth-oriented stocks. All investment decisions are underpinned by comprehensive, proprietary in-house research. Founded in 1989, Hennessy Advisors, Inc. maintains its headquarters in Novato, California, complemented by additional offices in Boston, Massachusetts, and Chapel Hill, North Carolina.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q3 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:

GLDA+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track HNNA 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.

Get Started Free Browse Screener

6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Hennessy Advisors, Inc. (HNNA) halal to invest in?

Hennessy Advisors, Inc. (HNNA) 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 Hennessy Advisors, Inc. get a F compliance rating?

Hennessy Advisors, Inc. (HNNA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 51.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Hennessy Advisors, Inc.'s Shariah verdict?

Hennessy Advisors, Inc.'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 Hennessy Advisors, Inc. re-screened for Shariah compliance?

Hennessy Advisors, Inc. (HNNA) 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 26, 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.