Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Prudential Financial, Inc. (PRU) Halal?

FAIL

Prudential Financial, Inc. · NYSE: PRU · Financials

The short answer

No -- Prudential Financial, Inc. (PRU) fails this Shariah stock screen at all three gates. Per its own FY2025 10-K, Prudential's principal operations are PGIM (global investment management), the U.S. Businesses (Retirement Strategies, Group Insurance and Individual Life) and the International Businesses -- its core business is underwriting conventional life insurance and annuities, a non-compliant business activity under the AAOIFI-style business screen (the same basis as the Aflac, Progressive and Chubb fails in October 2026). Its debt screen fails: $20,299M of interest-bearing borrowings ($1,443M short-term plus $18,856M long-term per Note 18, with policy liabilities excluded) is about 51.56% of its ~$39.37B market cap ($113.13, latest close retrieved October 2, 2026; 348 million shares outstanding), above the ~33% ceiling. Its non-compliant income screen also fails: disclosed net investment income of $21,473M for FY2025 is about 35.33% of its $60,774M in total revenue, above the 5% ceiling. All three third-party screeners agree: Zoya flags PRU not Shariah-compliant, Musaffa rates it not halal (October 2026), and ShariaPortfolio calls it not Shariah Compliant -- honestly reported, not invented.

Gate 1 — Business activity: FAIL

Prudential Financial, Inc. (NYSE: PRU), based in Newark, New Jersey, describes in its FY2025 10-K (filed February 2026) operations primarily in the United States, Asia, Europe and Latin America, offering life insurance, annuities, retirement solutions, mutual funds and investment management to individual and institutional customers. Its principal operations are PGIM (global investment management, about $1.466 trillion of assets under management at year-end 2025), the U.S. Businesses (Retirement Strategies, Group Insurance and Individual Life), the International Businesses (Japan, Brazil and others), the Closed Block division, and Corporate and Other. Business screen (factual, from the filing): Prudential Financial's core businesses are underwriting conventional life insurance and annuities -- per the AAOIFI-style business screen applied on this site, conventional insurance is a non-compliant business activity, the same basis on which Aflac, Progressive and Chubb failed Gate 1 in October 2026 screens. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: FAIL

Per Prudential Financial's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $20,299M -- total short-term debt of $1,443M (commercial paper plus the current portion of long-term debt) and total long-term debt of $18,856M (senior notes, medium-term notes, mortgage debt, junior subordinated notes and a line of credit) per Note 18. Policy liabilities (future policy benefits, policyholders' account balances, policyholders' dividends and unpaid claims) are insurance operating liabilities and are not counted as debt. Against a market cap of about $39.37B ($113.13 latest close retrieved October 2, 2026; 348 million shares outstanding per the 10-K), debt divided by market cap is about 51.56%, above the ~33% ceiling. Cash and cash equivalents of $19,712M are about 50.07% of market cap, or about 53.31% including $1,276M of short-term investments. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: FAIL

Prudential Financial's FY2025 10-K income statement reports net investment income of $21,473M against total revenues of $60,774M -- about 35.33% of revenue, more than seven times the 5% non-compliant income ceiling. For an insurer, net investment income (interest, dividends and other earnings on the general-account investment portfolio backing its policies) is the separately disclosed interest-type income line. Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does Prudential Financial do?

Prudential Financial, Inc. (NYSE: PRU), based in Newark, New Jersey, says in its FY2025 10-K that its operations are primarily in the United States, Asia, Europe and Latin America, offering life insurance, annuities, retirement solutions, mutual funds and investment management to individual and institutional customers. Its principal operations are PGIM (global investment management, about $1.466 trillion of assets under management at year-end 2025), the U.S. Businesses (Retirement Strategies, Group Insurance and Individual Life), the International Businesses (Japan, Brazil and others), the Closed Block division, and Corporate and Other.

Why does Prudential Financial fail this Shariah stock screen?

Prudential Financial fails this screen at all three gates. Per its own FY2025 10-K, its core businesses are life insurance, annuities and insurance-based retirement products -- underwriting conventional insurance, which is a non-compliant business activity under the AAOIFI-style business screen applied on this site (Gate 1 fails, the same basis as the Aflac, Progressive and Chubb fails in October 2026). Its interest-bearing borrowings of $20,299M are about 51.56% of its ~$39.37B market cap, above the ~33% ceiling (Gate 2 fails). Its disclosed net investment income of $21,473M for FY2025 is about 35.33% of its $60,774M in total revenue, above the 5% non-compliant income ceiling (Gate 3 fails). This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is Prudential Financial's interest-bearing debt ratio?

Per Prudential Financial's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $20,299M -- total short-term debt of $1,443M (commercial paper plus the current portion of long-term debt) and total long-term debt of $18,856M (senior notes, medium-term notes, mortgage debt, junior subordinated notes and a line of credit), per Note 18. Policy liabilities (future policy benefits, policyholders' account balances, policyholders' dividends and unpaid claims) are insurance operating liabilities and are not counted as debt. Against a market cap of about $39.37B ($113.13 latest close retrieved October 2, 2026; 348 million shares outstanding per the 10-K's Market for Registrant's Common Equity disclosure), debt divided by market cap is about 51.56% -- above the ~33% ceiling. Cash and cash equivalents of $19,712M are about 50.07% of market cap, or about 53.31% including $1,276M of short-term investments.

What is Prudential Financial's non-compliant income ratio?

Prudential Financial's FY2025 10-K income statement reports net investment income of $21,473M against total revenues of $60,774M -- about 35.33% of revenue, more than seven times the 5% non-compliant income ceiling. For an insurer, net investment income (interest, dividends and other earnings on the general-account investment portfolio that backs its policies) is the separately disclosed interest-type income line. Gate 3 fails.

Do Zoya, Musaffa, or ShariaPortfolio cover Prudential Financial?

Zoya covers PRU and flags it as not Shariah-compliant (zoya.finance/stocks/pru; the page's displayed assessment date was blank when accessed in October 2026) -- it does not rate Prudential Financial halal. Musaffa covers PRU and classifies it as "not halal" as of October 2026 under its AAOIFI methodology (musaffa.com/stock/PRU/). ShariaPortfolio has a PRU screener page stating Prudential Financial Inc "is not Shariah Compliant because of its involvement in Life & Health Insurance (NEC) and related activities." All three coverage statements are consistent with this page's own FAIL outcome. This page applies the screen directly from Prudential Financial'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).