Investcorp Credit Management BDC, Inc.

ICMB: Is Investcorp Credit Management BDC, Inc. Halal?

Investcorp Credit Management BDC, Inc.

NASDAQFinancial ServicesUS

$0.84

+1.61%

Market Cap: 12.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

1011.7% of 30.0% limit

What this means for you

Most scholars advise not holding ICMB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Investcorp Credit Management BDC, Inc.

Investcorp Credit Management BDC, Inc. (ICMB) operates as a business development company, primarily focusing on providing debt and mezzanine financing. Its investments aim to support various corporate objectives, including growth capital, acquisitions, market and product expansion, organic development, refinancings, and recapitalizations, particularly within the middle market. ICMB also strategically acquires equity stakes in its portfolio companies, often through warrants or other structured instruments, to gain upside participation, typically as part of a more extensive investment partnership. Geographically, the company targets investments across the United States and Europe. Within the U.S., it specifically concentrates on the Midatlantic, Midwest, Northeast, Southeast, and West Coast regions. The fund's sector focus is diverse, encompassing cable and satellites, consumer services, healthcare equipment and services, industrials, information technology, telecommunication services, and utilities. ICMB typically deploys between $5 million and $25 million per investment into companies with robust financial profiles, requiring annual revenues of at least $50 million and a minimum EBITDA of $15 million.

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: FY 2025Data source: FMP

Halal Alternatives in Financial Services

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

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$398.55

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$57.44

+0.47%

Sprott Physical Silver Trust
PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

Sprott Physical Gold Trust
PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

Sprott Physical Gold and Silver Trust
CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Frequently Asked Questions

Is Investcorp Credit Management BDC, Inc. (ICMB) halal to invest in?
Investcorp Credit Management BDC, Inc. (ICMB) 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 Investcorp Credit Management BDC, Inc. get a F compliance rating?
Investcorp Credit Management BDC, Inc. (ICMB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1011.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Investcorp Credit Management BDC, Inc.'s Shariah verdict?
Investcorp Credit Management BDC, 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 Investcorp Credit Management BDC, Inc. re-screened for Shariah compliance?
Investcorp Credit Management BDC, Inc. (ICMB) 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.