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Shariah compliance overview

Not Halal

PennantPark 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.

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Frequently asked questions

Quick answers about PennantPark Floating Rate Capital Ltd. (PFLT). Current Akinda screening label: Not Halal.