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Shariah compliance overview

Not Halal

Federal National Mortgage Association (FNMA) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Federal National Mortgage Association

The Federal National Mortgage Association, commonly known as Fannie Mae, was established in 1938 and has its headquarters in Washington, D.C. Its fundamental purpose is to facilitate the flow of capital in the United States mortgage market, ensuring a consistent source of financing for home loans.

Federal National Mortgage Association (FNMA) operates in the Financial Services sector, in the Financial - Mortgages industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt, Interest-bearing securities and assets.

Business Activity
58.78%Limit 5%Fail
Interest-bearing debt
13090.01%Limit 30%Fail
Interest-bearing securities and assets
254.70%Limit 30%Fail
Dividend purification
54.24%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Federal National Mortgage Association (FNMA). Current Akinda screening label: Not Halal.