Is CI (Cigna Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, CI is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in CI.

The Cigna Group is a major American healthcare and insurance provider operating through two primary segments: Evernorth and Cigna Healthcare. Evernorth delivers pharmacy benefits management and intelligence solutions, while Cigna Healthcare offers medical, dental, and behavioral health plans, including Medicare Advantage products, to millions of insured and self-insured customers. For Muslim investors using the AAOIFI methodology, Cigna Corporation currently holds a Doubtful compliance status. Although its primary business in health services and insurance passes the sector screen, the company fails on a critical financial metric, meaning it cannot currently be considered a fully halal investment. The primary concern for Islamic investors is Cigna's elevated debt burden, with its debt-to-market capitalization ratio reaching 40.8%, well above the 33% maximum limit. On a positive note, the company maintains clean revenue streams with 0.00% interest income and holds a safe cash-to-market cap ratio of 10.0%. Since conventional insurance can sometimes be a debated topic among scholars, investors should be aware that while health-specific plans are frequently granted leniency due to public necessity, conventional models differ from Islamic Takaful. Moving forward, halal investors should monitor Cigna's debt levels to see if the company deleverages enough to drop below the 33% threshold. Cigna Corporation operates in the Healthcare sector under the Medical - Healthcare Plans industry and is headquartered in Bloomfield, CT, US. The company is led by CEO David Michael Cordani and employs approximately 71,295 people.

CI 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. CI passed 3 of these 4 screens.

CI 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.