Shariah compliance overview
Not HalalMGIC Investment Corporation (MTG) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
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.
MGIC Investment Corporation (MTG) operates in the Financial Services sector, in the Insurance - Specialty industry.
Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing securities and assets.
- Business Activity
- 36.81%Limit 5%Fail
- Interest-bearing debt
- 10.83%Limit 30%Pass
- Interest-bearing securities and assets
- 103.22%Limit 30%Fail
- Dividend purification
- 26.84%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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Company Profile
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Frequently asked questions
Quick answers about MGIC Investment Corporation (MTG). Current Akinda screening label: Not Halal.
