Is NMI Holdings, Inc. (NMIH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 78.0% | |
| Operating Margin | 71.0% | |
| Net Margin | 55.1% | |
| Return on Equity (ROE) | 16.2% | |
| Return on Assets (ROA) | 9.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $419M |
| Free Cash Flow | $413M |
| Total Debt | $417M |
| Debt-to-Equity | 16.4 |
| Current Ratio | 2.0 |
| Total Assets | $3.8B |
Price & Trading
| Last Close | $37.52 |
| 50-Day MA | $38.64 |
| 200-Day MA | $38.73 |
| Avg Volume | 474K |
| Beta | 0.6 |
|
52-Week Range
$31.90
| |
About NMI Holdings, Inc. (NMIH)
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is NMI Holdings, Inc. (NMIH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NMI Holdings, Inc. 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 NMI Holdings, Inc.'s debt ratio?
NMI Holdings, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are NMI Holdings, Inc.'s key financial metrics?
NMI Holdings, Inc. has a market capitalization of $2.8B, trailing P/E ratio of 7.5, and revenue of $706M. The company maintains a gross margin of 78.0% and a net margin of 55.1%. Return on equity stands at 16.2%.
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.