What is Selective Insurance Group, Inc.'s Shariah compliance score?

Selective Insurance Group, Inc.'s (SIGI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Selective Insurance Group, Inc. pass AAOIFI screening?

Selective Insurance Group, Inc. (SIGI) 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% (SIGI: 8.7%), (3) interest-bearing deposits below 30% (SIGI: 1.1%), and (4) prohibited income below 5% (SIGI: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Selective Insurance Group, Inc. stock?

Selective Insurance Group, Inc. (SIGI) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SIGI shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Selective Insurance Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Selective Insurance Group, Inc. (SIGI) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SIGI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SIGI: Is Selective Insurance Group, Inc. Halal?

Selective Insurance Group, Inc.

NASDAQFinancial ServicesUS

$96.46

+1.29%

Market Cap: 5.8B

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Selective Insurance Group, Inc. (SIGI) halal? Not Halal. Based on AAOIFI screening, Selective Insurance Group, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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%.

8.7% of 30.0% limit

What this means for you

Most scholars advise not holding SIGI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Selective Insurance Group, Inc.

Selective Insurance Group, Inc. (SIGI) is a U.S.-based company that delivers a wide array of insurance products and services. Its business operations are structured across four primary divisions: Standard Commercial Lines, Standard Personal Lines, Excess & Surplus Lines (E&S), and Investments. The company's insurance offerings include comprehensive property coverage, safeguarding clients from financial repercussions due to accidental damage to real estate, personal possessions, or the resulting loss of earnings. It also provides casualty insurance, which addresses financial liabilities stemming from employee work-related injuries and third-party bodily harm or property damage. Additionally, flood insurance is a key component of its product suite. Beyond its core underwriting activities, Selective actively manages a diverse investment portfolio. This includes allocating capital to fixed income securities, commercial mortgage loans, equity holdings, and various alternative investments. Selective's insurance solutions are made available to a broad clientele, including corporations, non-profit organizations, local government entities, and private individuals. These products and services are distributed through a network of independent retail agents and wholesale general agents. Established in 1926, Selective Insurance Group, Inc. maintains its headquarters in Branchville, New Jersey.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 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 Halalnow
since Apr 2026
Halal
before we began tracking

Tracked since Apr 2026. Updates automatically on each re-screen.

Fiscal: Q1 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+

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SLVA+

iShares Silver Trust

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+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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Free · No credit card required

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Frequently Asked Questions

Is Selective Insurance Group, Inc. (SIGI) halal to invest in?

Selective Insurance Group, Inc. (SIGI) 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 Selective Insurance Group, Inc. get a F compliance rating?

Selective Insurance Group, Inc. (SIGI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8.7% (limit 30%); interest-bearing deposits of 1.1% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Selective Insurance Group, Inc.'s Shariah verdict?

Selective Insurance Group, Inc.'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 Selective Insurance Group, Inc. re-screened for Shariah compliance?

Selective Insurance Group, Inc. (SIGI) 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: Jul 19, 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.