AGO
Assured Guaranty
Is AGO Halal?
Financial guaranty company — facilitates riba bonds.
What You Should Know
Assured Guaranty provides financial-guaranty insurance, credit derivatives, reinsurance and asset management. Its December 2025 Form 10-K reports $12,176 million of assets, $1,704 million of long-term debt, $388 million of cash, approximately $7,396 million of interest-bearing securities and $1,110 million of revenue. Net investment income is $359 million (32.34% of revenue), and liquidity/assets is 63.93%, so the examined quantitative screens fail alongside the preserved qualitative riba-based business assessment.
⚠️ Concerns
- •Financial-guaranty insurance facilitates riba-bearing bonds
- •Liquidity/assets is 63.93%
- •Net investment income is 32.34% of revenue
- •Insurance and derivative contracts involve gharar
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2025-12-31; calculated 2026-07-15.
1,704 / 12,176
7,784 / 12,176
440.251 / 12,176
359 / 1,110
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 63.93%, above 33.333%, and disclosed net investment income is 32.34%, above 5%; debt/assets is 13.99% and receivables-plus-cash/assets is 3.62%. The core financial-guaranty business also fails qualitatively.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 63.93%, above the examined 33.33% limit; debt/assets is 13.99% and receivables-plus-cash/assets is 3.62%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 63.93%, above the examined 33% limit; debt/assets is 13.99%. This is not an official classification and the core business remains impermissible.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; market-cap methods cannot cure the core financial-guaranty and interest-income failure.
Business-activity disclosure
Assured Guaranty provides financial-guaranty insurance, credit derivatives, reinsurance and asset management. The core business facilitates or invests in debt instruments and is classified as impermissible under the preserved qualitative assessment.
Limitation: The consolidated filing combines insurance, investment and vehicle activities; the prohibited-revenue numerator is conservatively set to total revenue rather than presented as an official Sharia classification.
Purification
Assured Guaranty discloses $359 million of net investment income, but the core business is financial-guaranty and investment activity and no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Assured Guaranty's December 31, 2025 Form 10-K.
- Long-term debt is $1.704 billion; the filing also discusses debt at holding companies and consolidated vehicles, so this parent balance-sheet input is not a complete group debt census.
- Cash is $388 million. Interest-bearing securities include approximately $6.369 billion of available-for-sale fixed maturities, $0.124 billion of trading fixed maturities and $0.903 billion of short-term investments.
- Premium receivable of $52.251 million is used as the disclosed receivable input; the consolidated filing presents additional insurance and VIE balances separately.
- Annual total revenue is $1.110 billion and net investment income is $359 million. The conservative prohibited-revenue input treats total revenue as riba-facilitating financial-guaranty and asset-management activity; this is an analytical assumption, not an issuer classification.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →