Is Voya Financial, Inc. VOYA stock halal to invest in?

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

How often is Voya Financial, Inc. VOYA reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Voya Financial, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

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

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

No, as of August 2026, Voya Financial, Inc. stock (VOYA) 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. Voya Financial, Inc.'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 Voya Financial, Inc. VOYA stock?

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

Does Voya Financial, Inc. VOYA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Voya Financial, Inc. stock (VOYA) 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. Voya Financial, 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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Voya Financial, Inc.

NYSE

Shariah-Compliant

Not Shariah

VOYA

About

Voya Financial, Inc.

VOYA

Voya Financial Inc. is a prominent provider of retirement, investment, and insurance solutions in the United States. The company primarily focuses on helping individuals and institutions secure their financial futures through a variety of products and services. Voya operates in key segments such as Retirement Solutions, Investment Management, and Employee Benefits, supporting both individual and institutional clients. Retirement Solutions offers record-keeping, plan administration, and trust services, while Investment Management provides active portfolio and asset allocation strategies. In the Employee Benefits segment, Voya delivers various insurance products including life, accident, and health insurance. Headquartered in New York City, Voya Financial Inc. is a significant player in the financial services industry, with a mission to make a secure financial future possible for its clients. By leveraging its expertise and wide range of offerings, Voya contributes to the financial wellness of millions, impacting sectors ranging from education to healthcare. The company's influence is substantial in providing strategic advisory and guidance, aiming to simplify and clarify individuals' and institutions' financial paths.

Sector:

Financial Services

Industry:

Financial Conglomerates

Employees:

10000

Website:

https://www.voya.com

VOYA

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Voya Financial, Inc.

About

Voya Financial, Inc.

VOYA

Frequently asked questions

Is Voya Financial, Inc. VOYA stock halal to invest in?

How often is Voya Financial, Inc. VOYA reviewed for Shariah compliance?

Does Voya Financial, Inc. VOYA pass the AAOIFI Non Permissible Income criteria?

Does Voya Financial, Inc. VOYA pass the AAOIFI Interest Bearing Investments criteria?

Does Voya Financial, Inc. VOYA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Voya Financial, Inc. VOYA stock?

Does Voya Financial, Inc. VOYA pass the AAOIFI Preference Share screen?

Can I buy Voya Financial (VOYA) stock on Tabadulat?

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