Is HLNE halal?
Hamilton Lane Incorporated
Not halal
Hamilton Lane Incorporated did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
81.84
Day
-1.99%
Market cap
$5.82B
Industry
Asset Management
Sector
Financial Services
What the company does
Hamilton Lane manages private-market (private equity) investments for pension funds and wealthy clients. Revenue comes from management and performance fees.
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 $274.20M ÷ 36-month average market cap $5.65B = 4.8%
4.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $341.72M ÷ 36-month average market cap $5.65B = 6.0%
6.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $13.28M ÷ annual revenue $758.99M (2026) = 1.8%
1.8%
Pass
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: $5.82B.
For information (AAOIFI 3/1 note): cash + receivables are 23.4% 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.