PNNT: Is PennantPark Investment Corporation Halal?
PennantPark Investment Corporation
$3.45
-1.43%
Market Cap: 225.3M
Compliance Status
Not Halal
Screened on Jul 18, 2026 · AAOIFI Standard 21
Non-Compliant
Is PennantPark Investment Corporation (PNNT) halal? Not Halal. Based on AAOIFI screening, PennantPark Investment Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
Most scholars advise not holding PNNT
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
About PennantPark Investment Corporation
PennantPark Investment Corporation operates as a Business Development Company (BDC) and a private equity fund. Its primary focus is on providing direct and mezzanine capital to middle-market companies situated across the United States. The firm deploys capital through a diverse range of instruments, including senior secured loans, mezzanine debt, and various equity stakes (such as common and preferred stock, warrants, and options). It also engages in subordinated debt, first-lien debt, distressed debt securities, and participates in private equity co-investments. PennantPark casts a wide net across numerous sectors. Its portfolio spans traditional industries such as manufacturing, distribution, aerospace, and basic materials; service-oriented sectors like IT, financial, business, and environmental services; and growth areas including technology, telecommunications, healthcare, and energy. It also considers opportunities in real estate, consumer products, media, education, and leisure, among others. The fund typically commits between $10 million and $100 million per portfolio company, covering various layers of the capital structure. For its target companies, it generally looks for an EBITDA ranging from $10 million to $50 million. While the overall investment can be up to $100 million, its specific mezzanine loans, senior secured loans, and similar debt instruments usually fall within the $15 million to $50 million range. Furthermore, PennantPark may engage in non-controlling equity and debt positions.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
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.
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Track PNNT and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Frequently Asked Questions
Is PennantPark Investment Corporation (PNNT) halal to invest in?
Why did PennantPark Investment Corporation get a F compliance rating?
What could change PennantPark Investment Corporation's Shariah verdict?
How often is PennantPark Investment Corporation re-screened for Shariah compliance?
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.