What is Manulife Financial Corporation's Shariah compliance score?

Manulife Financial Corporation's (MFC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Manulife Financial Corporation pass AAOIFI screening?

Manulife Financial Corporation (MFC) 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% (MFC: 20.3%), (3) interest-bearing deposits below 30% (MFC: 20.6%), and (4) prohibited income below 5% (MFC: 36.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Manulife Financial Corporation stock?

Manulife Financial Corporation (MFC) has a non-permissible income ratio of 35.99%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MFC 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 Manulife Financial Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Manulife Financial Corporation (MFC) 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 MFC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MFC: Is Manulife Financial Corporation Halal?

Manulife Financial Corporation

NYSEFinancial ServicesCA

$43.37

+0.70%

Market Cap: 72.4B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Manulife Financial Corporation (MFC) halal? Not Halal. Based on AAOIFI screening, Manulife Financial Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Within the limit

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

20.3% of 30.0% limit

What this means for you

Most scholars advise not holding MFC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Manulife Financial Corporation

Manulife Financial Corporation, known by its ticker MFC, is a multinational financial services organization that provides a wide range of financial products and solutions. Its operations span across Asia, Canada, the United States, and other international markets. The company's activities are organized into three primary divisions: 1. Wealth and Asset Management: This segment focuses on investment solutions, including mutual funds, exchange-traded funds, group-based retirement and savings programs, and asset management services for institutional clients. These offerings are distributed through the company's network of agents and brokers, independent securities firms, financial advisors, pension consultants, and banks. 2. Insurance and Annuity Products: This division offers a diverse portfolio of financial protection products. This includes deposit and credit services, individual life insurance, and both individual and group long-term care insurance. It also provides various annuity options, both fully and partially guaranteed. These products are sold via insurance agents, brokers, banking partners, financial planners, and direct marketing channels. 3. Corporate and Other: This segment encompasses property and casualty insurance, as well as reinsurance activities, including the management of legacy reinsurance portfolios such as variable annuities and accident and health. Additionally, it oversees timberland and agricultural investment portfolios. The segment also handles insurance agency operations, portfolio and mutual fund management, mutual fund dealing, life, annuity, long-term care, and financial reinsurance services, alongside general fund management. Furthermore, it holds, manages, and provides investment management, advisory, and dealer services. Founded in 1887, Manulife Financial Corporation is headquartered in Toronto, Canada.

Sector: Financial Services · Industry: Insurance - Life

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Business Activity Screen

Failed

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

Prohibited industry: Insurance - Life

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: 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:

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Manulife Financial Corporation (MFC) halal to invest in?

Manulife Financial Corporation (MFC) 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 Manulife Financial Corporation get a F compliance rating?

Manulife Financial Corporation (MFC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.3% (limit 30%); interest-bearing deposits of 20.6% (limit 30%); prohibited income of 35.99% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Manulife Financial Corporation's Shariah verdict?

Manulife Financial Corporation'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 Manulife Financial Corporation re-screened for Shariah compliance?

Manulife Financial Corporation (MFC) 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.