Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is SEI Investments Company (SEIC) Halal?

PASS

SEI Investments Company · NASDAQ: SEIC · Financials

The short answer

SEI Investments passes this screener's three gates: it is a fee-based financial technology, operations, and asset management services provider (no interest-based lending or insurance underwriting), carries about $108.5M of interest-bearing debt (0.87% of its ~$12.44 billion market cap), and separately disclosed interest and dividend income of about 1.74% of revenue is under the 5% ceiling. For transparency: Zoya flags SEIC as not Shariah-compliant (September 2026) - a divergence from this page's business-activity assessment.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. SEI Investments Company, per its FY2025 Form 10-K (year ended December 31, 2025) and Q1 2026 Form 10-Q, is "a leading global provider of financial technology, operations, and asset management services within the financial services industry." Its reported segments are Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses; revenues come from asset management, administration and distribution fees ($1,817.1 million in 2025) and information processing and software servicing fees ($480.3 million).

Revenue is fee-based — the company is not an interest-based lender and does not underwrite conventional insurance, and it is not involved in tobacco, gambling, pork, alcohol, weapons, or adult entertainment. Interest exposure appears only as interest income on corporate cash, measured separately at gate 3. For transparency: Zoya flags SEIC as not Shariah-compliant (September 2026), a divergence from this page's business-activity assessment. Assessed on the filed business description, the business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (0.87%, ceiling 33%). Per SEI Investments' FY2025 Form 10-K Consolidated Balance Sheets, long-term debt was $108,504 thousand at December 31, 2025 (zero at December 31, 2024), with no short-term borrowings or current-maturities line on the balance sheet. Operating lease right-of-use liabilities are excluded — they are not interest-bearing debt.

$108.5 million of interest-bearing debt against a market capitalization of about $12.44 billion (Finnhub, live quote October 2, 2026; Zolmax and webull reported about $12.47 billion on October 1–2, 2026) is about 0.87%, far under the 33% ceiling. Cash and cash equivalents of $399.8 million plus investments/securities owned of $428.0 million at December 31, 2025 represent about 6.7% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (1.74%, ceiling 5%). SEI Investments' FY2025 Form 10-K separately discloses "Interest and dividend income" on its Consolidated Statements of Operations: $39,921 thousand against total revenues of $2,297,381 thousand is about 1.74% — under the 5% ceiling (2024: $48,897 thousand; 2023: $41,027 thousand; interest expense was only $609 thousand in 2025). A Barchart income-statement read shows $47,046 thousand under its own "Interest Income" line; the filed 10-K figure is used for this gate.

The Q1 2026 Form 10-Q also reports "Interest income, net of interest expense" separately: $6,689 thousand for the quarter ended March 31, 2026. The most recent annual figure (1.74%) is used for this gate.

Key figures used

Frequently asked questions

What does SEI Investments do?

SEI Investments Company (NASDAQ: SEIC) is a global provider of financial technology, operations, and asset management services for the financial services industry. Per its FY2025 Form 10-K (year ended December 31, 2025), its reported segments are Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Revenues come from asset management, administration and distribution fees ($1,817.1 million in 2025) and information processing and software servicing fees ($480.3 million). As of March 31, 2026, through subsidiaries and partnerships, it managed, advised, or administered about $1.9 trillion in assets.

Is SEI Investments' business Shariah compliant?

SEI Investments provides fee-based financial technology, operations, and asset management services - it is not an interest-based lender, does not underwrite conventional insurance, and is not involved in tobacco, gambling, pork, alcohol, weapons, or adult entertainment. Its interest exposure appears only as interest income earned on corporate cash, which is measured separately at the financial-ratios gate. For transparency: Zoya flags SEIC as not Shariah-compliant (September 2026) - a divergence from this page's business-activity assessment. Assessed on the filed business description, the business passes this screener's first gate.

How much interest-bearing debt does SEI Investments have?

SEI Investments' FY2025 Form 10-K Consolidated Balance Sheets show long-term debt of $108,504 thousand at December 31, 2025 (zero at December 31, 2024), with no short-term borrowings or current-maturities line. Operating lease right-of-use liabilities are excluded as they are not interest-bearing debt. $108.5 million against a market capitalization of about $12.44 billion (Finnhub, live quote October 2, 2026; Zolmax and webull reported about $12.47 billion on October 1-2, 2026) is about 0.87% - far under the 33% ceiling. Interest expense was only $609 thousand in 2025.

How much interest income does SEI Investments earn?

SEI Investments' FY2025 Form 10-K separately discloses 'Interest and dividend income' on its Consolidated Statements of Operations: $39,921 thousand against total revenues of $2,297,381 thousand is about 1.74% - under the 5% non-compliant income ceiling (2024: $48,897 thousand; 2023: $41,027 thousand). A Barchart income-statement read shows $47,046 thousand under its own 'Interest Income' line; the filed 10-K figure is used for this gate. The Q1 2026 10-Q also reports 'Interest income, net of interest expense' separately: $6,689 thousand for the quarter ended March 31, 2026. Cash and cash equivalents of $399.8 million plus investments/securities owned of $428.0 million at December 31, 2025 represent about 6.7% of market capitalization.

What do third-party Shariah screeners say about SEI Investments?

Zoya publishes an SEIC page under its AAOIFI methodology; as of September 2026 it flags SEIC as not Shariah-compliant, citing FY2025 figures ($39,921,000 interest income against $2,297,381,000 revenue, about 1.74%) - a divergence from this page's business-activity assessment, which passes the fee-based technology, operations, and asset management business on its filed description. The crawled Zoya text did not break out its full reasoning. I could not verify a Musaffa rating page for SEIC or a ShariaPortfolio rating from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

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).