Is KINGSWAY FINANCIAL SERVICES INC (KFS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 18.3% / 30% | 4.1% / 30% | 3.3% / 30% | 1.2% / 5% | ✓ HALAL |
| DJIM | 18.3% / 33% | 4.1% / 33% | 3.3% / 33% | 1.2% / 5% | ✓ HALAL |
| MSCI | 32.3% / 33% | 7.3% / 33% | 5.9% / 33% | 1.2% / 5% | ✓ HALAL |
| S&P | 18.3% / 33% | 4.1% / 33% | 3.3% / 33% | 1.2% / 5% | ✓ HALAL |
| FTSE | 32.3% / 33% | 7.3% / 33% | 5.9% / 50% | 1.2% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 81.3% | |
| Operating Margin | -2.4% | |
| Net Margin | -7.8% | |
| Return on Equity (ROE) | -38.9% | |
| Return on Assets (ROA) | -1.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3,000 |
| Free Cash Flow | -$2M |
| Total Debt | $78M |
| Debt-to-Equity | 226.7 |
| Current Ratio | 1.1 |
| Total Assets | $231M |
Price & Trading
| Last Close | $10.19 |
| 50-Day MA | $12.09 |
| 200-Day MA | $13.45 |
| Avg Volume | 84K |
| Beta | 0.2 |
|
52-Week Range
$7.28
| |
About KINGSWAY FINANCIAL SERVICES INC (KFS)
Kingsway Financial Services Inc. through its subsidiaries, engages in the extended warranty and business services in the United States. It operates through two segments: Kingsway Search Xcelerator and Extended Warranty. 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 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, as well as after-market vehicle protection services. Its Kingsway Search Xcelerator segment 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, Securities and Exchange Commission reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. This segment also provides financial executive services for project and interim staffing engagements; search services for permanent placements; healthcare staffing services to acute healthcare facilities for short-term and day-to-day needs of hospitals; software products for the management needs of all types of shared-ownership properties; and fully managed outsourced cardiac telemetry services, as well as provides mobile monitors to the hospitals. It also offers information technology managed services, as well as Electric Motor Solutions and Vertical Market Software services. The company offers its products and services through credit unions and dealers. Kingsway Financial Services Inc. was incorporated in 1989 and is headquartered in Chicago, Illinois.
Purification Calculator
As a halal stock with 1.20% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is KINGSWAY FINANCIAL SERVICES INC (KFS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), KINGSWAY FINANCIAL SERVICES INC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is KINGSWAY FINANCIAL SERVICES INC's debt ratio?
KINGSWAY FINANCIAL SERVICES INC's debt ratio is 18.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 32.3%.
Does KINGSWAY FINANCIAL SERVICES INC require dividend purification?
Yes, KINGSWAY FINANCIAL SERVICES INC has an impermissible income ratio of 1.20%, which means 1.20% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are KINGSWAY FINANCIAL SERVICES INC's key financial metrics?
KINGSWAY FINANCIAL SERVICES INC has a market capitalization of $284M, and revenue of $137M. The company maintains a gross margin of 81.3% and a net margin of -7.8%. Return on equity stands at -38.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.