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Shariah compliance overview

Not Halal

MGIC 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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Frequently asked questions

Quick answers about MGIC Investment Corporation (MTG). Current Akinda screening label: Not Halal.