Compliance Status
Not Halal
Screened on Oct 7, 2026 · AAOIFI Standard 21
Non-Compliant
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).
Quote this verdict
HalalScreener rates Investcorp Credit Management BDC, Inc. (ICMB) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/ICMB
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
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
ICMB: Is Investcorp Credit Management BDC, Inc. Halal?
Investcorp Credit Management BDC, Inc.
$0.70
Market Cap: 10.1M
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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
Why this does not pass
- Interest-bearing debt is 1111.7% of market cap, over the 30% AAOIFI limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why ICMB is rated Not Halal with institutional-grade analysis
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.
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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Frequently Asked Questions
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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.