What is MGIC Investment Corporation's Shariah compliance score?

MGIC Investment Corporation's (MTG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does MGIC Investment Corporation pass AAOIFI screening?

MGIC Investment Corporation (MTG) 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% (MTG: 10.2%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for MGIC Investment Corporation stock?

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 exact percentage and amount for MGIC Investment Corporation (MTG) using the latest financial data.

Where can I screen MGIC Investment Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MGIC Investment Corporation (MTG) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MTG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MTG: Is MGIC Investment Corporation Halal?

MGIC Investment Corporation

NYSEFinancial ServicesUS

$30.99

-0.29%

Market Cap: 6.4B

Compliance Status

Not Halal

Screened on Aug 29, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates MGIC Investment Corporation (MTG) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/MTG

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

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

10.2% of 30.0% limit

What this means for you

Most scholars advise not holding MTG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About MGIC Investment Corporation

MGIC Investment Corporation, through its various subsidiaries, provides private mortgage insurance alongside a range of other mortgage credit risk management solutions and ancillary services. These offerings are available to lenders and government-sponsored entities across the United States, Puerto Rico, and Guam. A core product is their primary mortgage insurance, designed to protect individual loans against default. This coverage extends to unpaid loan principal, accumulated interest, and various costs associated with default and subsequent foreclosure. The company also offers contract underwriting and reinsurance services. Its client base largely comprises originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, and other mortgage lenders. Established in 1957, MGIC Investment Corporation maintains its headquarters in Milwaukee, Wisconsin.

Sector: Financial Services · Industry: Insurance - Specialty

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Business Activity Screen

Failed

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

Prohibited industry: Insurance - Specialty

Compliance History

Not Halalnow
since Apr 2026
Halal
before we began tracking

Tracked since Apr 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:

GLDA+

SPDR Gold Shares

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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PayPal Holdings, Inc.

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BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is MGIC Investment Corporation (MTG) halal to invest in?

MGIC Investment Corporation (MTG) 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 MGIC Investment Corporation get a F compliance rating?

MGIC Investment Corporation (MTG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 10.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MGIC Investment Corporation's Shariah verdict?

MGIC Investment 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 MGIC Investment Corporation re-screened for Shariah compliance?

MGIC Investment Corporation (MTG) 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 29, 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.