What is Kingsway Financial Services Inc.'s Shariah compliance score?

Kingsway Financial Services Inc. (KFS) has a Shariah compliance score of 68/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Kingsway Financial Services Inc. pass AAOIFI screening?

Kingsway Financial Services Inc. (KFS) partially passes with caution 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% (KFS: 26.6%), (3) interest-bearing deposits below 30% (KFS: 5.6%), and (4) prohibited income below 5% (KFS: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Kingsway Financial Services Inc. stock?

Kingsway Financial Services Inc. (KFS) has a non-permissible income ratio of 1.06%. Muslim investors should purify this percentage of any dividends received and capital gains realized from KFS 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 Kingsway Financial Services Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Kingsway Financial Services Inc. (KFS) 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 KFS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Kingsway Financial Services Inc. (KFS) halal? Doubtful. Based on AAOIFI screening, Kingsway Financial Services Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 68/100 (Grade: B).

KFS: Is Kingsway Financial Services Inc. Halal?

Doubtful

Kingsway Financial Services Inc.

NYSEConsumer CyclicalUS

$10.23

-0.10%

AvoidBorderlineClean

Purify ~1.1% of income

About Kingsway Financial Services Inc.

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.

Sector: Consumer Cyclical · Industry: Auto - Dealerships

Why This Stock Is Doubtful

Debt is 26.6% of market cap, only 3.4 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Acceptable

Acceptable but room for improvement

68Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap26.6% / 30.0%

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above

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

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your KFS Dividends

1.1% non-compliant income

KFS has 1.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

292.8M

Price

$10.23

Sector

Consumer Cyclical

Industry

Auto - Dealerships

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Frequently Asked Questions

Is Kingsway Financial Services Inc. (KFS) halal to invest in?

Kingsway Financial Services Inc. (KFS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Kingsway Financial Services Inc. get a B compliance rating?

Kingsway Financial Services Inc. (KFS) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.6% (limit 30%); interest-bearing deposits of 5.6% (limit 30%); prohibited income of 1.06% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Kingsway Financial Services Inc.'s Shariah verdict?

Kingsway Financial Services Inc.'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 Kingsway Financial Services Inc. re-screened for Shariah compliance?

Kingsway Financial Services Inc. (KFS) 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 17, 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.