Is Power Corporation / POW Halal?
Power Corporation of Canada (TSX: POW) is a Montreal-based holding company whose core holdings are Great-West Lifeco — one of Canada's largest conventional life insurers — and IGM Financial, a conventional wealth manager. Insurance fails the business-activity gate, so the ratio math never gets applied.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%). Fail gate one and gate two does not matter.
Gate one: the business
Power Corporation describes itself as an international management and holding company focused on financial services in North America, Europe and Asia. Its core holdings are "leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms." As of September 2026, Power owns about 70% of Great-West Lifeco's outstanding shares and controls roughly 65% of the voting rights. IGM Financial is the other cornerstone holding. Conventional life insurance is the engine of this company. Gate one: FAIL.
Gate two: the ratios
Not applied — a business-activity failure ends the screen. For context only: Power reported Q2 2026 adjusted net earnings of C$974 million (C$1.55 per share, the company's highest quarterly adjusted EPS), with Great-West Lifeco contributing C$871 million and IGM Financial contributing C$211 million. Adjusted net asset value per share was C$112.94 at June 30, 2026, up 31.7% from year-end 2025. Market cap was about C$59.4 billion in September 2026.
What other screeners say
No verified current common-share rating was found for Power Corporation (POW) on Zoya, Musaffa, or ShariaPortfolio as of September 2026 — the only Musaffa result observed was for the preferred share POW.PR.G.TO, not the common shares. The FAIL rating here rests on this site's own screening methodology, not on a third-party endorsement.
The bottom line
This screener gives Power Corporation of Canada (TSX: POW) a FAIL. It is a holding company built on conventional life insurance and wealth management — a gate-one business-activity failure. The C$0.6675 quarterly dividend does not change the screener; purification math on the dividend cannot make a gate-one failure compliant. This screener is a snapshot dated September 28, 2026, re-checked quarterly after earnings.
The purification angle: because the FAIL is at the business-activity gate, there is no purification factor that fixes it. Dividends from POW would still require scholarly guidance on whether purification is even meaningful for a non-compliant holding. For holdings that do pass, the purification calculator handles the dividend math.
Frequently asked questions
Is Power Corporation stock halal?
This screener gives Power Corporation of Canada (TSX: POW) a FAIL at the first gate. Power is a holding company whose core holdings are Great-West Lifeco — a conventional life insurer — and IGM Financial, a conventional wealth manager. Because conventional insurance is a non-compliant business activity under AAOIFI-style screens, the financial ratios never get applied, and Power fails outright.
What businesses does Power Corporation own?
Power Corporation is an international management and holding company focused on financial services. Its core holdings are Great-West Lifeco — about 70% of the shares and roughly 65% of the voting rights as of September 2026 — and IGM Financial, plus alternative-asset investment platforms such as Sagard and Power Sustainable. Insurance, retirement, and wealth-management businesses are the engine of the company.
Does Power Corporation report interest-based earnings?
The FAIL here is a business-activity failure, not a ratio failure, so interest figures are not the deciding factor. For context, Power reported Q2 2026 adjusted net earnings of C$974 million (C$1.55 per share, a company record), with Great-West Lifeco contributing C$871 million and IGM Financial contributing C$211 million to adjusted earnings.
Do any third-party screeners agree with this screener?
No verified current common-share rating was found for Power Corporation (POW) on Zoya, Musaffa, or ShariaPortfolio as of September 2026 — the only Musaffa result observed was for the preferred share POW.PR.G.TO, not the common shares. The FAIL rating here rests on this site's own screening methodology, not on a third-party endorsement.
Does Power Corporation pay a dividend, and could a halal investor hold it?
Power pays a quarterly dividend of C$0.6675 per share. A dividend does not change the screener: because the FAIL is at the business-activity gate, purification math on the dividend does not make the stock compliant for an investor following this screen. Whether any holding could be justified on another basis is a personal-ruling question for a qualified scholar, not for this screener.