Is BCSF halal?
Bain Capital Specialty Finance,
Not halal
Bain Capital Specialty Finance, did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
10.26
Day
-3.48%
Market cap
$671.4M
Industry
Asset Management
Sector
Financial Services
What the company does
Bain Capital Specialty Finance is a business development company (BDC) lending to mid-sized businesses. Money comes from loan interest; managed by Bain Capital.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.50B ÷ 36-month average market cap $976.07M = 153.8%
153.8%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.48B ÷ 36-month average market cap $976.07M = 253.9%
253.9%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $211.83M ÷ annual revenue $114.51M (2025) = 185.0%
185.0%
Fail
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $671.39M.
For information (AAOIFI 3/1 note): cash + receivables are 8.4% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.