What is Kingsway Financial Services Inc.'s Shariah compliance score?

Kingsway Financial Services Inc. (KFS) has a Shariah compliance score of 68/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Kingsway Financial Services Inc. pass AAOIFI screening?

Kingsway Financial Services Inc. (KFS) partially passes with caution 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% (KFS: 26.6%), (3) interest-bearing deposits below 30% (KFS: 5.6%), and (4) prohibited income below 5% (KFS: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Kingsway Financial Services Inc. stock?

Kingsway Financial Services Inc. (KFS) has a non-permissible income ratio of 1.06%. Muslim investors should purify this percentage of any dividends received and capital gains realized from KFS shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Kingsway Financial Services Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Kingsway Financial Services Inc. (KFS) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about KFS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

KFS: Is Kingsway Financial Services Inc. Halal?

Kingsway Financial Services Inc.

NYSEConsumer CyclicalUS

$10.23

-0.10%

Market Cap: 292.8M

Compliance Status

Doubtful

Screened on Jul 17, 2026 · AAOIFI Standard 21

Acceptable

68Score

Is Kingsway Financial Services Inc. (KFS) halal? Doubtful. Based on AAOIFI screening, Kingsway Financial Services Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 68/100 (Grade: B).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

26.6% of 30.0% limit

What this means for you

You may own KFS, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purify 1.1% of your income from KFS

That is about $1.10 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Kingsway Financial Services Inc.

Kingsway Financial Services Inc., operating through its subsidiaries, engages in a variety of ventures encompassing extended warranty services, real estate, and specialized consulting. The company's operations are organized into three principal divisions: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. The Extended Warranty segment focuses on the marketing, sale, and administration of vehicle service agreements and associated products for new and used cars, motorcycles, and ATVs. This segment also offers new home warranty products and provides uninsured warranty administration services to both homebuilders and homeowners. Furthermore, it distributes warranty solutions to manufacturers, distributors, and installers of heating, ventilation, and air conditioning systems, standby generators, commercial LED lighting, and commercial refrigeration equipment, in addition to supplying equipment breakdown and maintenance support to various companies. The Leased Real Estate segment possesses a significant real property asset, which is a parcel of approximately 192 acres located in Texas. Kingsway Search Xcelerator delivers outsourced financial and human resources consulting services. These services include operational accounting, covering bookkeeping, general accounting, financial reporting, and analysis; strategic finance services; technical accounting, which encompasses initial public offerings, SEC reporting, and international consolidation; human resources, workforce management, and compliance support; and broader advisory services. The company distributes its offerings through a wide array of channels, including credit unions, dealers, homebuilders, and directly to consumers. Kingsway Financial Services Inc. was founded in 1989 and is headquartered in Itasca, Illinois.

Sector: Consumer Cyclical · Industry: Auto - Dealerships

Why This Stock Is Doubtful

Debt is 26.6% of market cap, only 3.4 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Kingsway Financial Services Inc. (KFS) halal to invest in?

Kingsway Financial Services Inc. (KFS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Kingsway Financial Services Inc. get a B compliance rating?

Kingsway Financial Services Inc. (KFS) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.6% (limit 30%); interest-bearing deposits of 5.6% (limit 30%); prohibited income of 1.06% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Kingsway Financial Services Inc.'s Shariah verdict?

Kingsway Financial Services 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 Kingsway Financial Services Inc. re-screened for Shariah compliance?

Kingsway Financial Services Inc. (KFS) 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: Jul 17, 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.