Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is American International Group, Inc. (AIG) Halal?

FAIL

American International Group, Inc. · NYSE: AIG · Financials

The short answer

No - American International Group, Inc. (AIG) fails this Shariah stock screen at gate 3. AIG, the New York-based global property and casualty insurer (segments: North America Commercial, International Commercial, Global Personal; Corebridge separation completed in Q2 2026), passes the business-activity gate - no alcohol, tobacco, gambling, weapons, pork, or interest-based lending operations - and its total financial and hybrid debt of $8,963m is about 23.2% of its ~$38.7B market cap (October 2, 2026), under the ~33% ceiling. But FY2025 total net investment income of $4,215m is about 15.7% of FY2025 total revenue ($26,775m), above the 5% non-compliant income ceiling - insurers earn large investment income on their float. Zoya and Musaffa independently rate AIG not Shariah-compliant. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

American International Group, Inc. (NYSE: AIG), headquartered in New York City, is a leading global insurance organization. Per its Form 10-K for the fiscal year ended December 31, 2025 (Commission File No. 1-8787), it reports through three segments - North America Commercial, International Commercial, and Global Personal - plus Other Operations, with General Insurance writing commercial lines (property, casualty, financial lines, global specialty) and personal insurance (accident & health, personal lines) in more than 200 countries and jurisdictions. The 10-K states it earns revenues primarily from insurance premiums and income from investments. In Q2 2026, AIG sold its remaining ~25 million Corebridge Financial shares for ~$710M, completing the separation - it is now a focused global property and casualty insurer. Business-screen implication (factual): none of the listed haram business lines (alcohol, tobacco, gambling, weapons, pork, interest-based lending) apply to AIG's operations; the core business is insurance underwriting. Gate 1 passes under this screen's business-activity definition, though third-party screeners (Zoya, Musaffa) independently rate the stock not Shariah-compliant overall. Facts only.

Gate 2 — Debt and cash: PASS

Per AIG's Q2 2026 earnings release (August 6, 2026), total financial and hybrid debt was $8,963M at June 30, 2026. Against a market cap of about $38.7B (Finnhub, October 2, 2026), debt / market cap is about 23.2% - under the ~33% ceiling. The FY2025 10-K (December 31, 2025) shows long-term debt of $9,035M plus $156M debt of consolidated investment entities - about the same conclusion. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: FAIL

Per AIG's Form 10-K for the fiscal year ended December 31, 2025, total net investment income was $4,215M and total revenue was $26,775M - net investment income is about 15.7% of revenue, above the 5% non-compliant income ceiling. In Q2 2026, net investment income was $1,127M on the consolidated statements of operations. Investment income on the insurance float is a large, structural part of an insurer's revenues. Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does American International Group do?

American International Group, Inc. (NYSE: AIG) is a global insurance organization headquartered in New York City. Per its Form 10-K for the fiscal year ended December 31, 2025, it reports through three segments - North America Commercial, International Commercial, and Global Personal - plus Other Operations; its General Insurance business writes commercial lines (property, casualty, financial lines, global specialty) and personal insurance (accident and health, personal lines) in more than 200 countries and jurisdictions. The 10-K states it earns revenues primarily from insurance premiums and income from investments. In Q2 2026 AIG sold its remaining Corebridge Financial shares for about $710 million, completing the separation and leaving it a focused global property and casualty insurer.

Why does AIG fail this Shariah screener?

AIG fails this Shariah screener at gate 3 (non-compliant income). Gate 1 (business activity): AIG's core business is property and casualty insurance - none of the listed haram business lines (alcohol, tobacco, gambling, weapons, pork, interest-based lending) apply. Gate 2 (debt): total financial and hybrid debt of $8,963M at June 30, 2026 is about 23.2% of its ~$38.7B market cap, under the ~33% ceiling. Gate 3 (non-compliant income): FY2025 total net investment income of $4,215M is about 15.7% of FY2025 total revenue ($26,775M), above the 5% ceiling - insurers earn large investment income on their insurance float. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is AIG's interest-bearing debt ratio?

Per AIG's Q2 2026 earnings release (August 6, 2026), total financial and hybrid debt was $8,963M at June 30, 2026. Against a market cap of about $38.7B (Finnhub, October 2, 2026), debt / market cap is about 23.2% - under the ~33% ceiling, so gate 2 passes. The FY2025 10-K reports long-term debt of $9,035M plus $156M of debt of consolidated investment entities (about $9,191M total) at December 31, 2025, which is about 23.8% of the same market cap - the same conclusion. Insurance reserves and policy liabilities are not counted as debt in this screen. Facts only.

How much investment income does AIG earn?

Per AIG's Form 10-K for the fiscal year ended December 31, 2025 (Commission File No. 1-8787), total net investment income was $4,215M ($4,066M excluding Fortitude Re funds withheld assets plus $149M on those assets) and total revenue was $26,775M - net investment income is about 15.7% of revenue, above the 5% non-compliant income ceiling. In Q2 2026, net investment income per the consolidated statements of operations was $1,127M. Zoya separately reports narrower 'interest income' of $192M (0.72% of FY2025 revenue), but this screen uses the filing's disclosed net investment income line. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover AIG?

Zoya covers AIG at zoya.finance/stocks/aig and rates it NOT Shariah-compliant ('not considered halal to invest in') under its AAOIFI methodology, citing FY2025 revenue of $26,774M and interest income of $192M (0.72%). Musaffa covers AIG at musaffa.com/stock/AIG/ and classifies it as NOT HALAL (as of October 2026, AAOIFI methodology). ShariaPortfolio: no public per-ticker AIG coverage was found in web searches - honestly reported as no coverage found, not invented.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).