What is Maiden Holdings, Ltd. 6.625 NT 2046's Shariah compliance score?

Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) 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 Maiden Holdings, Ltd. 6.625 NT 2046 pass AAOIFI screening?

Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) 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%. MHLA's debt-to-market-cap is 32.9%.

How much purification is needed for Maiden Holdings, Ltd. 6.625 NT 2046?

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 Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) using the latest financial data.

Where can I screen Maiden Holdings, Ltd. 6.625 NT 2046 for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) 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.

MHLANot HalalF

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Compliance Status

Not Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

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).

Quote this verdict

HalalScreener rates Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/MHLA

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%.

32.9% 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 MHLA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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

Maiden Holdings, Ltd. 6.625 NT 2046

NYSEFinancial ServicesUS

$8.93

Market Cap: 773.5M

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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

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.
Interest-bearing debt is 32.9% of market cap, over the 30% AAOIFI limit.
Income from prohibited sources is over the 5% 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 9, 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 - Property & Casualty

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 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:

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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 32.9% (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: Oct 9, 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.