Is SNFCA halal?
Security National Financial Cor
Not halal
Security National Financial Cor did not pass AAOIFI screening. The failed check is shown below.
Checked: 14 October 2026
Exchange
NASDAQ
Price
9.19
Day
-0.11%
Market cap
$237.0M
Industry
Insurance - Life
Sector
Financial Services
What the company does
Security National Financial (Utah) has three lines: life insurance, mortgage lending and cemeteries/funeral homes. Money comes from insurance premiums, mortgage sales and funeral services.
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 - Life
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $122.23M ÷ current market cap $237.00M = 51.6%
51.6%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $193.55M ÷ current market cap $237.00M = 81.7%
81.7%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $8.65M ÷ annual revenue $345.39M (2025) = 2.5%
2.5%
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.
For information (AAOIFI 3/1 note): cash + receivables are 13.9% 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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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.