Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is MetLife, Inc. (MET) Halal?

FAIL

MetLife, Inc. · NYSE: MET · Financials

The short answer

No - MetLife, Inc. (MET) fails this Shariah stock screen at the business-activity gate and the income gate. Per its FY2025 10-K, MetLife is a conventional life insurer: premiums were $49,779M of $77,084M total revenues (about 64.6%), and the filing describes life, annuity, accident & health, dental, disability and vision insurance across its six segments (Group Benefits, RIS, Asia, Latin America, EMEA, MIM); conventional insurance is non-compliant under the AAOIFI-style business screen - the same basis on which Progressive, Chubb and Cigna failed Gate 1. Separately disclosed net investment income of $22,559M is about 29.27% of revenue, far above the 5% non-compliant income ceiling (Q2 2026 confirms: $6,702M of $19,154M, about 34.99%). Interest-bearing debt of $14,822M is about 24.09% of its ~$61.52B market cap ($94.35, October 1, 2026; 652,053,867 shares outstanding), below the ~33% ceiling - the debt gate passes. Zoya flags MET 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

MetLife, Inc. (NYSE: MET), headquartered in New York, is a conventional global life insurer and financial services company. After a Q4 2025 Strategic Reorganization, its FY2025 10-K reports six segments: Group Benefits (dental, disability, accident & health and vision insurance, plus ASO arrangements), RIS - Retirement and Income Solutions (pension risk transfer annuities, institutional income annuities, structured settlements, group deferred annuities, longevity reinsurance, stable value products), Asia, Latin America and EMEA (life insurance, accident & health, retirement and savings products, credit insurance), and MIM - MetLife Investment Management (institutional asset management; PineBridge acquired December 30, 2025). Haram flag (factual, from the filing): insurance is not a side line - premiums were $49,779M of $77,084M total revenues in FY2025, about 64.6%, far above any 5% de-minimis threshold. Under the AAOIFI-style business screen applied on this site, conventional insurance is a non-compliant business activity - the same basis on which Progressive (NYSE: PGR), Chubb (NYSE: CB) and Cigna (NYSE: CI) failed Gate 1 in their October 2026 screens. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: PASS

Per MetLife's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $14,822M - short-term debt $355M plus long-term debt $14,467M. Against a market cap of about $61.52B ($94.35 close on October 1, 2026; 652,053,867 shares outstanding per the 10-K cover at February 12, 2026), debt divided by market cap is about 24.09%, below the ~33% ceiling. Cash and cash equivalents of $22,032M plus short-term investments of $3,601M total $25,633M, about 41.67% of market cap. Policyholder liabilities and reserves are not counted as debt. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: FAIL

MetLife's FY2025 10-K separately discloses net investment income of $22,559M against total revenues of $77,084M - about 29.27% of revenue, far above the 5% non-compliant income ceiling. The Q2 2026 earnings release confirms the pattern: net investment income of $6,702M against total revenues of $19,154M, about 34.99%. Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does MetLife do?

MetLife, Inc. (NYSE: MET), headquartered in New York, is a conventional global life insurer and financial services company. After a fourth-quarter 2025 Strategic Reorganization, its FY2025 10-K reports six segments: Group Benefits (dental, disability, accident & health and vision insurance, plus administrative-services-only arrangements); RIS - Retirement and Income Solutions (pension risk transfer annuities, institutional income annuities, structured settlements, group deferred annuities, longevity reinsurance and stable value products); Asia, Latin America and EMEA (life insurance, accident & health, retirement and savings products, and credit insurance); and MIM - MetLife Investment Management (institutional asset management; PineBridge acquired December 30, 2025). Insurance premiums were $49,779M of $77,084M total revenues in FY2025 - about 64.6%.

Why does MetLife fail this Shariah stock screen?

MetLife fails this screen at the first gate - the business-activity gate - and again at the income gate. Its core business is conventional insurance: premiums were about 64.6% of FY2025 revenue ($49,779M of $77,084M), and the 10-K describes life, annuity, accident & health, dental, disability and vision insurance across its segments. Under the AAOIFI-style business screen applied on this site, conventional insurance is a non-compliant business activity - the same basis on which Progressive (NYSE: PGR), Chubb (NYSE: CB) and Cigna (NYSE: CI) failed Gate 1 in their October 2026 screens. It also fails Gate 3: net investment income of $22,559M is about 29.27% of total revenue, far above the 5% ceiling. Interest-bearing debt of $14,822M is about 24.09% of its ~$61.52B market cap, so the debt gate passes. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is MetLife's interest-bearing debt ratio?

Per MetLife's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $14,822M - short-term debt $355M plus long-term debt $14,467M. Against a market cap of about $61.52B ($94.35 close on October 1, 2026; 652,053,867 shares outstanding per the 10-K cover at February 12, 2026), debt divided by market cap is about 24.09% - below the ~33% ceiling. Cash and cash equivalents of $22,032M plus short-term investments of $3,601M total $25,633M, about 41.67% of market cap. Policyholder liabilities and reserves (future policy benefits, policyholder account balances, separate account liabilities) are not counted as debt. Gate 2 passes. Facts only.

What is MetLife's non-compliant income ratio?

MetLife's FY2025 10-K separately discloses net investment income of $22,559M against total revenues of $77,084M - about 29.27% of revenue, far above the 5% non-compliant income ceiling. The Q2 2026 earnings release confirms the pattern: net investment income of $6,702M against total revenues of $19,154M - about 34.99% of revenue. Gate 3 fails. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover MetLife?

Zoya covers MET and flags it as not Shariah-compliant (zoya.finance/stocks/met; the page's displayed assessment date was blank) - it does not rate MetLife halal. Musaffa covers MET and classifies it as not halal as of October 2026 under its AAOIFI methodology (musaffa.com/stock/MET/). No ShariaPortfolio screening page or rating for MET was found - reported as absent, not invented. All coverage found is consistent with this page's own FAIL outcome. This page applies the screen directly from MetLife'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).