What is James River Group Holdings, Ltd.'s Shariah compliance score?

James River Group Holdings, Ltd. (JRVR) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does James River Group Holdings, Ltd. pass AAOIFI screening?

James River Group Holdings, Ltd. (JRVR) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. JRVR's debt-to-market-cap is 186.7%.

How much purification is needed for James River Group Holdings, Ltd.?

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 percentage and amount for James River Group Holdings, Ltd. (JRVR) using the latest financial data.

Where can I screen James River Group Holdings, Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for James River Group Holdings, Ltd. (JRVR) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

JRVRNot HalalF

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Compliance Status

Not Halal

Screened on Oct 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is James River Group Holdings, Ltd. (JRVR) halal? Not Halal. Based on AAOIFI screening, James River Group Holdings, Ltd. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates James River Group Holdings, Ltd. (JRVR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/JRVR

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

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

186.7% of 30.0% limit

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding JRVR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

JRVR: Is James River Group Holdings, Ltd. Halal?

James River Group Holdings, Ltd.

NASDAQFinancial ServicesUS

$3.82

+2.96%

Market Cap: 176.7M

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About James River Group Holdings, Ltd.

James River Group Holdings, Ltd. operates as an insurance holding company, delivering specialized insurance and reinsurance offerings across the United States through its subsidiary companies. Its business activities are divided into three main operational units: Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance. The Excess and Surplus Lines division is responsible for underwriting commercial liability and property insurance for non-standard or unique risks, with its coverage extending nationwide across all U.S. states and the District of Columbia. The distribution of these insurance products is primarily handled by wholesale insurance brokers. Conversely, the Specialty Admitted Insurance segment focuses on providing workers' compensation protection. This includes serving industries such as construction trades, healthcare professionals, general goods and services, light manufacturing, specialized transportation, and farming. This unit also engages in fronting and program insurance ventures. Finally, the Casualty Reinsurance segment offers both proportional and working layer casualty reinsurance solutions to a range of third-party clients and other insurance providers. James River Group Holdings, Ltd. was established in 2002 and maintains its corporate headquarters in Pembroke, Bermuda.

Sector: Financial Services · Industry: Insurance - Specialty

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.
Interest-bearing debt is 186.7% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% 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

AAOIFI Standard 21Updated Oct 19, 2026

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Business Activity Screen

Failed

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

Prohibited industry: Insurance - Specialty

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

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:

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SPDR Gold Shares

$382.01

SLVA+

iShares Silver Trust

$51.51

PSLVA+

Sprott Physical Silver Trust

$18.48

PHYSA+

Sprott Physical Gold Trust

$31.50

CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is James River Group Holdings, Ltd. (JRVR) halal to invest in?

James River Group Holdings, Ltd. (JRVR) 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 James River Group Holdings, Ltd. get a F compliance rating?

James River Group Holdings, Ltd. (JRVR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 186.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change James River Group Holdings, Ltd.'s Shariah verdict?

James River Group Holdings, Ltd.'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 James River Group Holdings, Ltd. re-screened for Shariah compliance?

James River Group Holdings, Ltd. (JRVR) 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: Oct 19, 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.