Is Brown & Brown (BRO) stock halal?

Brown & Brown's main business is one every Shariah standard excludes. Deengen does not issue fatwas; ask a qualified scholar for a ruling that applies to you.

Is Brown & Brown in the S&P 500 Shariah index?

It was not held by SPUS, the S&P 500 Shariah fund, on 4 Nov 2026. Not being in one index is not a ruling.

What are Brown & Brown's Shariah screening ratios?

From its SEC filings (balance sheet as of 30 Sep 2026): interest-bearing debt is 26.3% of total assets, cash and short-term investments are 3.7% of total assets. The SC Malaysia benchmarks are under 33% for debt and for cash, and under 5% for non-compliant income. These are plain facts for comparison, not a ruling.

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Is Brown & Brown stock halal?

Q: Which bodies have ruled on Brown & Brown?

No body has published a decision on Brown & Brown by name. Its main business is conventional insurance. Every Shariah standard excludes this business: AAOIFI Shariah Standard 21, the SC Malaysia benchmarks and the S&P, FTSE and MSCI Shariah indices.

Brown & Brown (BRO) · Financials · Insurance Brokers

Brown & Brown's main business is one every Shariah standard excludes.

What official bodies say

Haram-leaningPublished decisions on record

Main business: conventional insurance. Every Shariah standard excludes this business: AAOIFI Shariah Standard 21, the SC Malaysia benchmarks and the S&P, FTSE and MSCI Shariah indices. SC Malaysia SAC screening methodology

Get an email when a recognised body rules on Brown & Brown

Only when a body publishes or changes a position. You confirm by email first and can stop in one click. A report of what was published, not a fatwa or advice.

The ratios, as plain facts

Interest-bearing debt / total assetsSC Malaysia benchmark: under 33%

26.3%under 33%

Cash and short-term investments / total assetsSC Malaysia benchmark: under 33% (conventional cash)

3.7%under 33%

Interest income / revenueSC Malaysia business benchmark: non-compliant income under 5%

—not in filing data

Balance sheet as of 30 Sep 2026, income for the fiscal year to 31 Dec 2025, from Brown & Brown's XBRL filings with the US SEC. Total assets $29.4B, debt $7.8B, revenue $5.9B. Read the filings

These are the SC Malaysia financial benchmarks applied to US filings, for comparison only. AAOIFI, DJIM and S&P measure debt against market value instead, which needs live share prices; those ratios are coming. Some companies report interest income inside other lines, so a missing figure is not zero.

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Deengen does not issue fatwas or verdicts. Labels summarise decisions published by regulators, Shariah index boards and Shariah-supervised funds, dated and linked. Ratios are arithmetic from the company's own filings, shown next to published benchmarks, not a ruling. Nothing here is a recommendation to buy, sell or hold. Capital at risk. Ask a qualified scholar for a ruling that applies to you.