Is OMF halal?
OneMain Holdings, Inc.
Not halal
OneMain Holdings, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
55.95
Day
+0.29%
Market cap
$6.47B
Industry
Credit Services
Sector
Financial Services
What the company does
OneMain Holdings is a consumer lender making personal loans to near-prime borrowers in the US through about 1,300 branches, plus credit cards and auto loans. Revenue comes from loan interest and insurance products.
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: Credit Services
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $22.77B ÷ 36-month average market cap $6.37B = 357.3%
357.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.04B ÷ 36-month average market cap $6.37B = 32.1%
32.1%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $5.46B ÷ annual revenue $4.97B (2025) = 109.8%
109.8%
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: $6.47B.
In the lists
- In the S&P 500
- Not in the S&P 500
- 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: $60.97
- Glenn GreenbergBrave Warrior Advisors$462.5M10.1%
- Samantha McLemorePatient Capital Management$42.8M1.4%
- Bill MillerMiller Value Partners$5.1M1.2%
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.