Is iA Financial Corp., Inc. IAG stock halal to invest in?

No, as of August 2026, iA Financial Corp., Inc. stock (IAG) 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. iA Financial Corp., 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 iA Financial Corp., Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is iA Financial Corp., Inc. IAG reviewed for Shariah compliance?

Tabadulat reviews iA Financial Corp., Inc. IAG 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Monthly screening ensures the status shown for iA Financial Corp., Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 iA Financial Corp., Inc. IAG pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, iA Financial Corp., Inc. stock (IAG) 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. iA Financial Corp., 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 iA Financial Corp., Inc. IAG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, iA Financial Corp., Inc. stock (IAG) 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). iA Financial Corp., 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 iA Financial Corp., Inc. IAG pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, iA Financial Corp., Inc. stock (IAG) 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. iA Financial Corp., 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 iA Financial Corp., Inc. IAG stock?

iA Financial Corp., Inc. (IAG) 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 iA Financial Corp., Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does iA Financial Corp., Inc. IAG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, iA Financial Corp., Inc. stock (IAG) 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. iA Financial Corp., 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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iA Financial Corp., Inc.

TSX

Shariah-Compliant

Not Shariah

IAG

About

iA Financial Corp., Inc.

IAG

IA Financial Corporation Inc. is a prominent player in the insurance and financial services industry. It is primarily engaged in offering a comprehensive range of insurance products, including life and health insurance, as well as wealth management and retirement solutions. Serving both individual and group customers, the company also provides auto and home insurance, enabling it to cater to a broad spectrum of client needs. This multi-faceted approach ensures that IA Financial Corporation plays a critical role in safeguarding client assets and facilitating long-term financial planning. With a strong presence in Canada, where it is headquartered, the company significantly impacts the local financial landscape, contributing to the stability and growth of the insurance sector. It is recognized for its commitment to customer service and innovation in product offerings, thereby enhancing the financial well-being of its clients. In the financial market, IA Financial Corporation’s diversified services make it a versatile entity, providing both security and growth opportunities for its customers. This solid foundation allows it to stand as a resilient and influential organization within the broader financial and insurance industries.

Sector:

Financial Services

Industry:

Insurance - Diversified

Employees:

Website:

https://ia.ca

IAG

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iA Financial Corp., Inc.

About

iA Financial Corp., Inc.

IAG

Frequently asked questions

Is iA Financial Corp., Inc. IAG stock halal to invest in?

How often is iA Financial Corp., Inc. IAG reviewed for Shariah compliance?

Does iA Financial Corp., Inc. IAG pass the AAOIFI Non Permissible Income criteria?

Does iA Financial Corp., Inc. IAG pass the AAOIFI Interest Bearing Investments criteria?

Does iA Financial Corp., Inc. IAG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for iA Financial Corp., Inc. IAG stock?

Does iA Financial Corp., Inc. IAG pass the AAOIFI Preference Share screen?

Can I buy iA Financial (IAG) stock on Tabadulat?

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