Is CNC halal?
Centene Corporation
Not halal
Centene Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NYSE
Price
70.51
Day
+0.50%
Market cap
$34.93B
Industry
Healthcare Plans
Sector
Healthcare
What the company does
Centene is a health insurer focused on government programs: Medicaid (low-income), Obamacare marketplace and Medicare plans. Revenue comes from state and federal premium payments.
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: Healthcare Plans
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $16.11B ÷ 36-month average market cap $29.96B = 53.8%
53.8%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $27.06B ÷ 36-month average market cap $29.96B = 90.3%
90.3%
Fail
Non-compliant income / total revenue
limit 5%
—
No data
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: $34.93B.
For information (AAOIFI 3/1 note): cash + receivables are 54.4% 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
- 0.05% weight · #283 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $64.19
- David EinhornGreenlight Capital (DME Capital Management)$106.0M2.7%
- Bill NygrenOakmark Funds$714.1M0.9%
- Tweedy Browne$1.6M0.1%
Related articles
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.