Is Federal Agricultural Mortgage Corporation (AGM) halal? Not Halal. Based on AAOIFI screening, Federal Agricultural Mortgage Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
AGM: Is Federal Agricultural Mortgage Corporation Halal?
Not HalalFederal Agricultural Mortgage Corporation
$179.90
+3.51%
About Federal Agricultural Mortgage Corporation
Federal Agricultural Mortgage Corporation, often known as Farmer Mac, facilitates a robust secondary market for various types of loans extended to borrowers across the United States. Its operations are structured into four distinct divisions: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. Within the Farm & Ranch segment, the corporation acquires and holds qualifying mortgage loans secured by primary liens on agricultural properties. It also transforms eligible mortgages into securities, guaranteeing the prompt repayment of both principal and interest for these mortgage-backed instruments. Furthermore, this segment offers long-term standby purchase commitments (LTSPCs) for specific qualifying mortgage loans. The USDA Guarantees division focuses on acquiring portions of agricultural and rural development loans that have received backing from the United States Department of Agriculture. Through its Rural Utilities segment, the company either purchases or guarantees securities underpinned by loans provided by cooperative lenders to fund electric or telecommunications infrastructure. This segment also directly acquires qualifying rural utilities loans, offers guarantees on securities supported by these loans, and issues LTSPCs for collective pools of such eligible loans. The Institutional Credit division is responsible for guaranteeing and purchasing the general obligations of various lenders and financial institutions. These obligations must be collateralized by loan portfolios that meet the eligibility criteria of Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities business areas. Established in 1987, Federal Agricultural Mortgage Corporation maintains its corporate headquarters in Washington, D.C.
Sector: Financial Services 路 Industry: Financial - Credit Services
Shariah Compliance Status
Non-Compliant
Fails Shariah screening
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
FailedFinancial ratios must be below AAOIFI thresholds
Compliance History
Not Halal, unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
2.0B
Price
$179.90
Sector
Financial Services
Industry
Financial - Credit Services
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.