Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is KKR & Co. Inc. (KKR) Halal?

FAIL

KKR & Co. Inc. · NYSE: KKR · Financials

The short answer

No - KKR & Co. Inc. (KKR) fails this Shariah stock screen at all three gates. The FY2025 10-K names Insurance as a full reportable segment: Global Atlantic, a conventional life and retirement insurance company (annuities, life insurance, reinsurance) that KKR has owned 100% since January 2, 2024, generating about 61.5% of consolidated revenue in Q2 2026 - a non-compliant core business under standard screens. Interest-bearing debt of $53,477M (including substantial consolidated fund borrowings) is about 65.30% of its ~$81.9B market cap ($91.24, October 1, 2026), above the ~33% ceiling, and Insurance net investment income of $2,039M is about 35.61% of revenue ($5,726M), above the 5% ceiling. Zoya flags KKR not Shariah-compliant and Musaffa rates it not halal; no ShariaPortfolio rating was found - honestly reported as absent, not invented.

Gate 1 — Business activity: FAIL

KKR & Co. Inc. (NYSE: KKR) is a global alternative asset manager whose FY2025 10-K (Item 1) reports three reportable segments: Asset Management, Insurance, and Strategic Holdings. The Insurance segment operates under the Global Atlantic brand - described as "a leading retirement and life insurance company" offering protection, legacy, and savings products plus reinsurance solutions; KKR acquired a majority stake in February 2021 and the remaining interest on January 2, 2024, increasing ownership to 100%, serving over 3.5 million policyholders as of December 31, 2025. Conventional life/annuity insurance is a non-compliant core business under standard AAOIFI-style screens, and it is material: the insurance segment generated about 61.5% of consolidated revenues in Q2 2026 ($3,523M of $5,726M, per the Q2 2026 10-Q). Gate 1 fails. Facts only.

Gate 2 — Debt and cash: FAIL

Per KKR's Q2 2026 10-Q (quarter ended June 30, 2026), interest-bearing Debt Obligations total $53,477M - $49,682M in Asset Management and Strategic Holdings (about $9.2B of KKR corporate notes plus about $40.5B of other obligations, largely borrowings of consolidated investment vehicles, per the debt note) plus $3,795M in Insurance. Against a market cap of about $81.9B ($91.24 close on October 1, 2026; 897,635,601 shares outstanding), debt divided by market cap is about 65.30%, well above the ~33% ceiling. Cash and cash equivalents of $21,080M are about 25.74% of market cap. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: FAIL

KKR's Q2 2026 10-Q separately discloses Insurance Net Investment Income of $2,039M against Total Revenues of $5,726M - about 35.61% of revenue, far above the 5% non-compliant income ceiling. The filing also discloses Interest Income of $733M in the asset management investment income section (below the revenue line, not included in total revenues). Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does KKR do?

KKR & Co. Inc. (NYSE: KKR), based in New York, is a global alternative asset manager. Its FY2025 10-K (Item 1) reports three reportable segments: Asset Management (private equity, credit, infrastructure, energy, real estate, plus public markets credit and hedge fund platforms), Insurance (operated under the Global Atlantic brand, a life and retirement insurance company fully acquired by KKR on January 2, 2024, with over 3.5 million policyholders as of December 31, 2025), and Strategic Holdings (including Core Private Equity). As of June 30, 2026, KKR reported $796 billion of assets under management.

Why does KKR fail this Shariah stock screen?

KKR fails this screen at the first gate - the business-activity gate - and its financial gates fail too. The FY2025 10-K discloses Insurance as a full reportable segment operated under the Global Atlantic brand, a conventional life and retirement insurance company (annuities, life insurance, pension risk transfer, reinsurance) that KKR owns 100%; conventional insurance is a non-compliant core business under standard AAOIFI-style screens. The insurance segment contributed about 61.5% of KKR's consolidated revenues in Q2 2026. Both third-party screeners that cover KKR agree: Zoya flags it not Shariah-compliant and Musaffa rates it not halal (both checked October 2026). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is KKR's interest-bearing debt ratio?

Per KKR's Q2 2026 10-Q (quarter ended June 30, 2026), interest-bearing debt obligations total $53,477M - $49,682M of Asset Management and Strategic Holdings debt obligations (including about $9.2B of KKR corporate notes and about $40.5B of other obligations, largely consolidated fund and investment-vehicle borrowings) plus $3,795M of Insurance debt obligations. Against a market cap of about $81.9B ($91.24 close on October 1, 2026; 897,635,601 shares outstanding per the 10-Q cover), debt divided by market cap is about 65.30% - well above the ~33% ceiling. Cash and cash equivalents of $21,080M are about 25.74% of market cap.

What is KKR's non-compliant income ratio?

KKR's Q2 2026 10-Q separately discloses Insurance Net Investment Income of $2,039M against Total Revenues of $5,726M - about 35.61% of revenue, far above the 5% non-compliant income ceiling. The filing also discloses Interest Income of $733M within the asset management investment income section, which is not included in total revenues. The financial gates fail on both debt and income, in addition to the business-activity gate.

Do Zoya, Musaffa, or ShariaPortfolio cover KKR?

Zoya covers KKR and flags it not Shariah-compliant (its KKR page cites the FY2025 annual report - revenue $19.21B and interest income $3.18B, about 16.57% of revenue - though the page's as-of date did not render when checked October 2, 2026). Musaffa covers KKR as not halal as of October 2026 under its AAOIFI methodology. No ShariaPortfolio screening page or rating for KKR was found - reported as absent, not invented. This page applies the screen directly from KKR's own filings and reports these positions honestly.

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).