Shariah compliance overview
Not HalalPennantPark Floating Rate Capital Ltd. (PFLT) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
About PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments.
PennantPark Floating Rate Capital Ltd. (PFLT) operates in the Financial Services sector, in the Asset Management industry.
Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt.
- Business Activity
- 65.62%Limit 5%Fail
- Interest-bearing debt
- 220.91%Limit 30%Fail
- Interest-bearing securities and assets
- 15.25%Limit 30%Pass
- Dividend purification
- 63.00%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.
Please login to access this content
Please login to access this content
Please login to access this content
Company Profile
Please login to access this content
Frequently asked questions
Quick answers about PennantPark Floating Rate Capital Ltd. (PFLT). Current Akinda screening label: Not Halal.
