Is WTM halal?
White Mountains Insurance Group
Not halal
White Mountains Insurance Group did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
2,160.31
Day
+0.77%
Market cap
$4.92B
Industry
Insurance - Property & Casualty
Sector
Financial Services
What the company does
White Mountains Insurance is a holding company of insurance and financial businesses: Ark (specialty insurance), HG Global (bond guarantees), Kudu (stakes in fund managers). Revenue comes from premiums and investments.
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 - Property & Casualty
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $932.50M ÷ 36-month average market cap $4.71B = 19.8%
19.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.08B ÷ 36-month average market cap $4.71B = 22.8%
22.8%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $29.80M ÷ annual revenue $2.89B (2025) = 1.0%
1.0%
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: $4.92B.
For information (AAOIFI 3/1 note): cash + receivables are 29.8% 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
- 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 1 superinvestors · Average reported price: $2073.39
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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.