Is MRSH (Marsh & McLennan Companies, Inc.) Halal or Haram?

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

Marsh & McLennan Companies, Inc. is a global professional services firm specializing in risk, strategy, and human resources. The company operates major subsidiaries including Marsh for insurance brokerage, Guy Carpenter for reinsurance, and Mercer and Oliver Wyman for consulting and investment advice. For Muslim investors utilizing HalalStocks.co.uk, MRSH is classified as Not Halal (Haram) due to its business activities. Although the company passes all three financial ratio screens, its core involvement as a conventional insurance broker violates Islamic finance principles regarding gharar (uncertainty) and riba (interest). From a financial perspective, the firm maintains healthy, compliant ratios, carrying a debt-to-market cap ratio of 26.0%, well below the 33% threshold. Additionally, its interest-bearing cash and securities sit at a low 3.3% of market cap, generating just 0.18% in interest income against total revenue. Because the fundamental business model relies heavily on conventional insurance and reinsurance markets, there is no scholarly debate that would permit investment in this stock. Islamic investors must avoid MRSH and instead look for takaful (Islamic insurance) providers or other compliant sectors. Marsh & McLennan Companies, Inc. operates in the Financial Services sector under the Insurance - Brokers industry and is headquartered in New York City, NY, US. The company is led by CEO John Quinlan Doyle and employs approximately 90,000 people.

MRSH 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. MRSH passed 3 of these 4 screens.

MRSH 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.