Is LINCOLN NATIONAL CORP (LNC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Life | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 24.2% | |
| Operating Margin | 12.9% | |
| Net Margin | 6.4% | |
| Return on Equity (ROE) | 12.3% | |
| Return on Assets (ROA) | 0.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$167M |
| Free Cash Flow | -$167M |
| Total Debt | $6.4B |
| Debt-to-Equity | 64.7 |
| Current Ratio | 2.2 |
| Total Assets | $417.2B |
Price & Trading
| Last Close | $35.83 |
| 50-Day MA | $37.58 |
| 200-Day MA | $39.24 |
| Avg Volume | 2.2M |
| Beta | 1.3 |
|
52-Week Range
$27.58
| |
About LINCOLN NATIONAL CORP (LNC)
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
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Frequently Asked Questions
Is LINCOLN NATIONAL CORP (LNC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), LINCOLN NATIONAL CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is LINCOLN NATIONAL CORP's debt ratio?
LINCOLN NATIONAL CORP's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are LINCOLN NATIONAL CORP's key financial metrics?
LINCOLN NATIONAL CORP has a market capitalization of $6.5B, trailing P/E ratio of 5.9, and revenue of $18.3B. The company maintains a gross margin of 24.2% and a net margin of 6.4%. Return on equity stands at 12.3%.
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.