Maiden Holdings, Ltd. 6.625 NT 2046

MHLA: Is Maiden Holdings, Ltd. 6.625 NT 2046 Halal?

Maiden Holdings, Ltd. 6.625 NT 2046

NYSEFinancial ServicesUS

$10.61

+0.00%

Market Cap: 919.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) halal? Not Halal. Based on AAOIFI screening, Maiden Holdings, Ltd. 6.625 NT 2046 has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Involved in prohibited business activities.

Failed

Company debt

Close to the limit

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

27.7% of 30.0% limit

What this means for you

Most scholars advise not holding MHLA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Maiden Holdings, Ltd. 6.625 NT 2046

Maiden Holdings Ltd. offers personalized reinsurance services and products, specifically excluding high-impact catastrophic events, to insurance companies ranging from small to medium in size. The firm's operations are divided into two main segments: Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance division oversees a collection of property and casualty reinsurance contracts. In contrast, the AmTrust Reinsurance segment covers business that AmTrust has transferred to Maiden Bermuda. Maiden Holdings was established in 2007 and its corporate headquarters are situated in Hamilton, Bermuda.

Sector: Financial Services · Industry: Insurance - Property & Casualty

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

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

  • Prohibited industry: Insurance - Property & Casualty

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: Q1 2025Data 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:

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 Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) halal to invest in?
Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) 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 Maiden Holdings, Ltd. 6.625 NT 2046 get a F compliance rating?
Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 27.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Maiden Holdings, Ltd. 6.625 NT 2046's Shariah verdict?
Maiden Holdings, Ltd. 6.625 NT 2046'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 Maiden Holdings, Ltd. 6.625 NT 2046 re-screened for Shariah compliance?
Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) 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.