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FOA – Finance of America Companies Inc

Not Compliant

Finance of America Companies Inc is not Shariah Compliant because of its involvement in Investment Management and related activities.

Finance of America Companies Inc. provides a specialty finance consumer lending platform that provides customers with access to a range of flexible solutions, including reverse mortgages and home improvement loans. The Company’s segments include Retirement Solutions, Portfolio Management, and Corporate and Other. Its Retirement Solutions segment helps older homeowners achieve their financial goals in retirement. This segment includes all loan origination activity for the Company, including reverse mortgage and home improvement loans. It originates or acquires reverse mortgage loans through its Finance of America Reverse LLC (FAR) operating subsidiary. Additionally, the segment originates home improvement loans through its Finance of America Mortgage LLC (FAM) subsidiary. Its Portfolio Management segment provides product development, loan securitization, loan sales, risk management, servicing oversight, and asset management services to the enterprise and third-party funds.

AAOIFI ✗

Debt ÷ Market cap (MC)40530.23
Non-Compliant Assets ÷ MC

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