Is MRSH halal?
Marsh
Not halal
Marsh did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
188.35
Day
+0.97%
Market cap
$89.63B
Industry
Insurance Brokers
Sector
Financial Services
What the company does
Marsh (formerly Marsh McLennan) is the world's largest insurance broker and risk adviser: it places insurance for companies (Marsh, Guy Carpenter) and consults on HR/pensions (Mercer) and strategy (Oliver Wyman). Revenue comes from commissions and consulting 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: Insurance Brokers
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $20.56B ÷ 36-month average market cap $99.26B = 20.7%
20.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.70B ÷ 36-month average market cap $99.26B = 1.7%
1.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $48.00M ÷ annual revenue $26.98B (2025) = 0.2%
0.2%
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: $89.63B.
For information (AAOIFI 3/1 note): cash + receivables are 17.8% 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
- 0.13% weight · #135 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 4 superinvestors · Average reported price: $166.67
- Jensen Investment Management$164.2M4.0%
- Bill NygrenOakmark Funds$1.4B1.9%
- First Pacific Advisors$20.2M0.3%
- Mairs & Power Funds$200K0.0%
Exited this quarter: AKO Capital, Yacktman Asset Management
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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.