Is CB (Chubb Limited) Halal or Haram?

Based on our AAOIFI-standard shariah screening, CB is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 1 of 4 compliance screens. Chubb Limited's core business activity was found to be non-compliant.

Chubb Limited is a global provider of insurance and reinsurance products, dominating both commercial and personal property and casualty markets. The company offers a wide range of coverage, from workers' compensation and cyber risk for businesses to specialized homeowners and automobile policies for high-net-worth individuals. For Muslim investors using AAOIFI standards, Chubb Limited is classified as Not Halal (Haram) due to its core operations. While the company successfully passes all financial ratio screens, its primary involvement in conventional insurance fundamentally conflicts with Islamic finance principles. Financially, Chubb demonstrates strong capital management with a compliant debt-to-market cap ratio of 17.3% and cash reserves sitting well below the 33% threshold at 1.9%. Furthermore, its interest income is exceptionally low at 0.07% of revenue, though this cannot offset the non-compliant nature of its primary premium-based revenue streams. Because conventional insurance involves gharar (uncertainty) and maysir (gambling), scholars unanimously agree that conventional insurance stocks are impermissible. Halal investors seeking exposure to the risk management sector should instead look for dedicated takaful (Islamic insurance) operators. Chubb Limited operates in the Financial Services sector under the Insurance - Property & Casualty industry and is headquartered in Zurich, CH. The company is led by CEO Evan G. Greenberg and employs approximately 43,000 people.

CB 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. CB passed 3 of these 4 screens.

CB 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.