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ELV

Elevance Health Inc.

DOUBTFUL
Score: 52/100
stock

Is ELV Halal?

Health insurance — conventional insurance involves gharar (uncertainty) debated by scholars.

What You Should Know

Elevance Health (formerly Anthem) is one of the largest US health insurers with ~45 million members. Conventional insurance is debated in Islamic finance: some scholars permit it as a social necessity (especially health insurance), others cite gharar. Investment portfolio includes interest-bearing bonds. Revenue comes from premiums and managed care.

⚠️ Concerns

  • •Conventional insurance involves gharar
  • •Investment portfolio earns interest (riba)
  • •Premium model can resemble gambling to some scholars

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