What is Erie Indemnity Company's Shariah compliance score?

Erie Indemnity Company's (ERIE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Erie Indemnity Company pass AAOIFI screening?

Erie Indemnity Company (ERIE) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (ERIE: 0.0%), (3) interest-bearing deposits below 30% (ERIE: 3.2%), and (4) prohibited income below 5% (ERIE: 2.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Erie Indemnity Company stock?

Erie Indemnity Company (ERIE) has a non-permissible income ratio of 2.02%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ERIE shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Erie Indemnity Company for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Erie Indemnity Company (ERIE) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ERIE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Erie Indemnity Company (ERIE) halal? Not Halal. Based on AAOIFI screening, Erie Indemnity Company has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

ERIE: Is Erie Indemnity Company Halal?

Not Halal

Erie Indemnity Company

NASDAQFinancial ServicesUS

$207.54

-1.92%

AvoidBorderlineClean

About Erie Indemnity Company

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

Sector: Financial Services · Industry: Insurance - Brokers

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Insurance - Brokers

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap0.0% / 30.0%

Compliance History

Not Halalnow
since Apr 2026
Halal
before we began tracking

Tracked since Apr 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

9.6B

Price

$207.54

Sector

Financial Services

Industry

Insurance - Brokers

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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Free · No credit card required

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Frequently Asked Questions

Is Erie Indemnity Company (ERIE) halal to invest in?

Erie Indemnity Company (ERIE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Erie Indemnity Company get a F compliance rating?

Erie Indemnity Company (ERIE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 3.2% (limit 30%); prohibited income of 2.02% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Erie Indemnity Company's Shariah verdict?

Erie Indemnity Company's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Erie Indemnity Company re-screened for Shariah compliance?

Erie Indemnity Company (ERIE) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · 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.