What is Pelagos Insurance Capital Limit's Shariah compliance score?

Pelagos Insurance Capital Limit (PLGO) 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 Pelagos Insurance Capital Limit pass AAOIFI screening?

Pelagos Insurance Capital Limit (PLGO) 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%. PLGO's debt-to-market-cap is 34.5%.

How much purification is needed for Pelagos Insurance Capital Limit?

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 Pelagos Insurance Capital Limit (PLGO) using the latest financial data.

Where can I screen Pelagos Insurance Capital Limit for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Pelagos Insurance Capital Limit (PLGO) 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.

PLGONot HalalF

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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Pelagos Insurance Capital Limit (PLGO) halal? Not Halal. Based on AAOIFI screening, Pelagos Insurance Capital Limit has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Pelagos Insurance Capital Limit (PLGO) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/PLGO

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%.

34.5% 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 PLGO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

PLGO: Is Pelagos Insurance Capital Limit Halal?

Pelagos Insurance Capital Limit

NYSEFinancial ServicesBM

$24.28

Market Cap: 2.1B

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About Pelagos Insurance Capital Limit

Pelagos Insurance Capital Limited (PLGO) specializes in providing insurance and reinsurance services across strategic markets including Bermuda, the Republic of Ireland, and the United Kingdom. The company's operations are distinctly segmented into two primary areas: Insurance and Reinsurance. Within its Insurance segment, Pelagos offers a comprehensive array of products covering diverse risks such as property, marine, asset-backed finance, portfolio credit, aviation and aerospace, political risk, violence and terror, energy, and cyber, among other specialized insurance coverages. The Reinsurance segment, conversely, delivers solutions focused on property reinsurance, retrocession, and broad whole account reinsurance. Established in 2014, the firm officially adopted the name Pelagos Insurance Capital Limited in May 2026, having previously operated as Fidelis Insurance Holdings Limited. Its global headquarters are located in Pembroke, Bermuda.

Sector: Financial Services · Industry: Insurance - Diversified

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.
Interest-bearing debt is 34.5% 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 8, 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 - Diversified

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: Q2 2026Data 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:

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Frequently Asked Questions

Is Pelagos Insurance Capital Limit (PLGO) halal to invest in?

Pelagos Insurance Capital Limit (PLGO) 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 Pelagos Insurance Capital Limit get a F compliance rating?

Pelagos Insurance Capital Limit (PLGO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Pelagos Insurance Capital Limit's Shariah verdict?

Pelagos Insurance Capital Limit'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 Pelagos Insurance Capital Limit re-screened for Shariah compliance?

Pelagos Insurance Capital Limit (PLGO) 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 8, 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.