Is The Progressive Corp. PGR stock halal to invest in?

No, as of August 2026, The Progressive Corp. stock (PGR) 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. The Progressive Corp. 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 The Progressive Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is The Progressive Corp. PGR reviewed for Shariah compliance?

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 reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, The Progressive Corp. stock (PGR) 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. The Progressive 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 The Progressive Corp. PGR pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, The Progressive Corp. stock (PGR) 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). The Progressive 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 The Progressive Corp. PGR pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, The Progressive Corp. stock (PGR) 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. The Progressive Corp.'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 The Progressive Corp. PGR stock?

The Progressive Corp. (PGR) 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 The Progressive Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does The Progressive Corp. PGR pass the AAOIFI Preference Share screen?

Yes, as of August 2026, The Progressive Corp. stock (PGR) 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. The Progressive 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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Progressive Corp.

NYSE

Shariah-Compliant

Not Shariah

PGR

About

Progressive Corp.

PGR

Progressive Corporation is a major American insurance provider, renowned for its innovative approach to personal and commercial insurance products. The company primarily offers automotive insurance, but its product suite extends to home insurance, renters insurance, and business-related insurance policies. Known for its direct-to-consumer sales model, Progressive has developed a strong digital presence, leveraging online tools and user-friendly applications to facilitate streamlined quote and policy management processes. Progressive Corporation impacts sectors such as transportation, housing, and small business operations through its comprehensive coverage options, tailored to individual and commercial needs. Its competitive edge lies in technological integration and customer-centric services, including the highly popular "Name Your Price" tool which allows customers to customize their insurance packages based on affordability. Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive is a key player in the U.S. insurance market. Its significant market share, innovation in risk management, and commitment to customer service have cemented its role as a leader in providing financial protection through reliable insurance products.

Sector:

Financial Services

Industry:

Insurance - Property & Casualty

Employees:

66308

Website:

https://www.progressive.com

PGR

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Progressive Corp.

About

Progressive Corp.

PGR

Frequently asked questions

Is The Progressive Corp. PGR stock halal to invest in?

How often is The Progressive Corp. PGR reviewed for Shariah compliance?

Does The Progressive Corp. PGR pass the AAOIFI Non Permissible Income criteria?

Does The Progressive Corp. PGR pass the AAOIFI Interest Bearing Investments criteria?

Does The Progressive Corp. PGR pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for The Progressive Corp. PGR stock?

Does The Progressive Corp. PGR pass the AAOIFI Preference Share screen?

Can I buy The Progressive (PGR) stock on Tabadulat?

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