Is BEN (Franklin Resources, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BEN is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 2 of 4 compliance screens. Franklin Resources, Inc.'s core business activity was found to be non-compliant. Its debt-to-market-cap ratio of 86.33% exceeds the ≤33% threshold.

Franklin Resources, Inc. is a major global asset management holding company based in San Mateo, California. Through its various subsidiaries, the firm launches and manages a wide array of equity, fixed income, balanced, and multi-asset mutual funds for individuals, institutions, and pension plans worldwide. For Muslim investors using HalalStocks.co.uk, BEN is currently classified as Not Halal (Haram) based on AAOIFI standards. The stock fails both the core business activity screen due to its deep involvement in conventional finance and the financial debt screening, making it fundamentally unsuitable for a halal investment portfolio. From an Islamic finance perspective, the company's debt levels are a primary structural concern, with a debt-to-market cap ratio of 86.3% far exceeding the permissible 33% threshold. While it does maintain acceptable levels of cash and securities at 23.2% of its market capitalization, the sheer volume of debt and interest-bearing operations invalidates these passing metrics. Given its structural reliance on conventional financial services and fixed-income alternative markets, Franklin Resources is highly unlikely to achieve Shariah compliance in the future. Muslim investors seeking exposure to the financial sector should instead look toward dedicated Islamic asset managers or certified Shariah-compliant funds. Franklin Resources, Inc. operates in the Financial Services sector under the Asset Management industry and is headquartered in San Mateo, CA, US. The company is led by CEO Jennifer Johnson and employs approximately 10,000 people.

BEN was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BEN passed 2 of these 4 screens.

BEN was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.