Is Horace Mann Educators Corp. HMN stock halal to invest in?

No, as of August 2026, Horace Mann Educators Corp. stock (HMN) 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. Horace Mann Educators Corp. currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. 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 Horace Mann Educators Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Horace Mann Educators Corp. HMN reviewed for Shariah compliance?

Tabadulat reviews Horace Mann Educators Corp. HMN 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 Horace Mann Educators Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Horace Mann Educators Corp. HMN pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Horace Mann Educators Corp. stock (HMN) 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. Horace Mann Educators Corp.'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 Horace Mann Educators Corp. HMN pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Horace Mann Educators Corp. stock (HMN) 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). Horace Mann Educators Corp.'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 Horace Mann Educators Corp. HMN pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Horace Mann Educators Corp. stock (HMN) does not pass 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. Horace Mann Educators Corp.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Horace Mann Educators Corp. HMN stock?

Horace Mann Educators Corp. (HMN) 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 Horace Mann Educators Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Horace Mann Educators Corp. HMN pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Horace Mann Educators Corp. stock (HMN) 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. Horace Mann Educators Corp. 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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Horace Mann Educators Corp.

NYSE

Shariah-Compliant

Not Shariah

HMN

About

Horace Mann Educators Corp.

HMN

Horace Mann Educators Corp. is a premier insurance group primarily dedicated to serving the financial and insurance needs of educators and their families. Founded in 1945, the company provides a wide array of products including auto, home, and life insurance, as well as retirement annuities. By focusing on the niche market of educators, Horace Mann distinguishes itself by tailoring its products to address the specific challenges and needs faced by teachers and education professionals. The company plays a significant role in the financial markets by offering specialized services that enhance financial security for a vital sector of the workforce. Horace Mann Educators also contributes to the community through its commitment to educational causes and initiatives that support teachers. Its market presence is marked by a comprehensive understanding of the educator demographic, making it a unique player within the broader insurance and financial services industries.

Sector:

Financial Services

Industry:

Insurance - Property & Casualty

Employees:

1750

Website:

https://www.horacemann.com

HMN

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Horace Mann Educators Corp.

About

Horace Mann Educators Corp.

HMN

Frequently asked questions

Is Horace Mann Educators Corp. HMN stock halal to invest in?

How often is Horace Mann Educators Corp. HMN reviewed for Shariah compliance?

Does Horace Mann Educators Corp. HMN pass the AAOIFI Non Permissible Income criteria?

Does Horace Mann Educators Corp. HMN pass the AAOIFI Interest Bearing Investments criteria?

Does Horace Mann Educators Corp. HMN pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Horace Mann Educators Corp. HMN stock?

Does Horace Mann Educators Corp. HMN pass the AAOIFI Preference Share screen?

Can I buy Horace Mann Educators (HMN) stock on Tabadulat?

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