AON
Aon PLC
Is AON Halal?
Insurance, reinsurance and investment services require methodology-dependent review.
What You Should Know
Aon's March 31, 2026 filing shows debt/assets of 28.51%, liquidity/assets of 2.75%, receivables plus cash/assets of 12.19% and disclosed interest income/revenue of 0.24%. Its insurance, reinsurance, retirement and investment services raise gharar and riba questions that the filing does not allocate into a universal prohibited-revenue numerator.
⚠️ Concerns
- •Conventional insurance and reinsurance involve gharar concerns under many scholarly approaches
- •Investment-management and retirement products can include interest-bearing instruments
- •No reproducible prohibited-activity revenue allocation is disclosed
- •Financial ratios pass the examined asset-based screens, but business classification remains incomplete
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
14,663 / 51,429
1,416 / 51,429
6,267 / 51,429
12 / 5,034
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.51%, liquidity/assets is 2.75%, receivables plus cash/assets is 12.19% and interest income/revenue is 0.24%, below the examined limits; insurance and investment-activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.51%, liquidity/assets is 2.75% and receivables plus cash/assets is 12.19%, below the examined MSCI total-assets limits; business classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined ratios pass at debt/assets 28.51% and liquidity/assets 2.75%; activity classification remains incomplete and this is not an official classification of a foreign-listed security.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored, and business classification remains incomplete, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Aon brokers insurance and reinsurance and provides retirement, investment-management, risk and human-capital services. Risk and advisory work can be permissible, but conventional insurance, reinsurance and investment products raise gharar and riba questions that require scholar- and product-level review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for conventional insurance, reinsurance, investment-management and retirement products, so no exact prohibited-revenue percentage is asserted.
Purification
Aon discloses $12 million of interest income but does not prescribe a scholar-approved purification percentage; the disclosed ratio is evidence for the income screen, not a complete purification prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions from Aon's March 31, 2026 Form 10-Q and rounded to the nearest million.
- Debt includes $1,121 million of short-term/current debt and $13,542 million of long-term debt; operating leases are excluded.
- Cash is $1,178 million and separately identified short-term investments are $238 million.
- Receivables, net are $5,089 million and first-quarter revenue is $5,034 million; interest income is $12 million.
- Aon is incorporated in Ireland and files this quarterly report with the SEC; the issuer-jurisdiction flag avoids treating it as a U.S.-incorporated issuer.
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.
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