Is American Financial Group, Inc. AFG stock halal to invest in?

No, as of August 2026, American Financial Group, Inc. stock (AFG) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. American Financial Group, Inc. currently does not meet the threshold for the non-permissible income screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of American Financial Group, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is American Financial Group, Inc. AFG reviewed for Shariah compliance?

Tabadulat reviews American Financial Group, Inc. AFG for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for American Financial Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does American Financial Group, Inc. AFG pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, American Financial Group, Inc. stock (AFG) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. American Financial Group, Inc.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does American Financial Group, Inc. AFG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, American Financial Group, Inc. stock (AFG) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). American Financial Group, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does American Financial Group, Inc. AFG pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, American Financial Group, Inc. stock (AFG) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. American Financial Group, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for American Financial Group, Inc. AFG stock?

American Financial Group, Inc. (AFG) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If American Financial Group, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does American Financial Group, Inc. AFG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, American Financial Group, Inc. stock (AFG) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. American Financial Group, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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American Financial Group, Inc.

NYSE

Shariah-Compliant

Not Shariah

AFG

About

American Financial Group, Inc.

AFG

American Financial Group Inc. is a prominent insurance and holding company specializing in property and casualty insurance services. Established in 1959, it primarily focuses on specialty commercial insurance, offering tailored solutions to businesses across diverse sectors such as agriculture, aviation, construction, and transportation. This targeted approach enables American Financial Group Inc. to manage unique business risks effectively. Additionally, the company provides services in the annuities market, offering financial products geared towards long-term retirement solutions, thus playing a vital role in individuals' financial planning. With its headquarters in Cincinnati, Ohio, American Financial Group Inc. is deeply engaged in underwriting a variety of insurance products, demonstrating a dedication to customer-centric and profit-oriented growth strategies. In the financial markets, American Financial Group Inc. is recognized for its stable performance and adaptability within the insurance sector, consistently contributing to advancements and innovations that align with consumer needs and industry standards.

Sector:

Financial Services

Industry:

Insurance - Property & Casualty

Employees:

8700

Website:

https://www.afginc.com

AFG

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American Financial Group, Inc.

About

American Financial Group, Inc.

AFG

Frequently asked questions

Is American Financial Group, Inc. AFG stock halal to invest in?

How often is American Financial Group, Inc. AFG reviewed for Shariah compliance?

Does American Financial Group, Inc. AFG pass the AAOIFI Non Permissible Income criteria?

Does American Financial Group, Inc. AFG pass the AAOIFI Interest Bearing Investments criteria?

Does American Financial Group, Inc. AFG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for American Financial Group, Inc. AFG stock?

Does American Financial Group, Inc. AFG pass the AAOIFI Preference Share screen?

Can I buy American Financial (AFG) stock on Tabadulat?

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