Is MLCI halal?
Mount Logan Capital Inc.
Not halal
Mount Logan Capital Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
3.28
Day
+3.47%
Market cap
$33.9M
Industry
Asset Management
Sector
Financial Services
What the company does
Mount Logan Capital (New York) is a private-credit manager with an insurance arm: it manages credit portfolios for funds, and its Ability Insurance unit reinsures annuities. Revenue is management fees and insurance income.
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 $110.06M ÷ current market cap $33.90M = 324.6%
324.6%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $93.10M ÷ current market cap $33.90M = 274.6%
274.6%
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.
For information (AAOIFI 3/1 note): cash + receivables are 53.5% 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.