Is First Acceptance Corp halal to invest in?

According to Musaffa's Shariah screening methodology, First Acceptance Corp (FACO) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is First Acceptance Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes First Acceptance Corp using these criteria to determine its compliance status.

Can Muslims buy shares of First Acceptance Corp?

Muslim investors may consider investing in First Acceptance Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is First Acceptance Corp classified as NOT HALAL?

Musaffa determines the Shariah status of First Acceptance Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for First Acceptance Corp updated?

The Shariah compliance status of First Acceptance Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like First Acceptance Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of First Acceptance Corp?

You can check the latest Shariah compliance status of First Acceptance Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

FACO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 14, 2025

Report Source: 2024 3rd Quarter Report

First Acceptance Corp. Stock Analysis FACO

United States Financials Micro Cap Report: Q3, 2024

First Acceptance Corp. is a holding company, which engages in the selling, servicing, and underwriting of non-standard personal automobile insurance and related products. The firm underwrites non-standard personal automobile insurance through insurance companies known as the First Acceptance Insurance Group. The company offers non-standard personal automobile insurance through its own underwritten insurance policies primarily through independent agents in 15 states. The company also offers a variety of other commissionable third-party products, such as roadside assistance, and in most states, it also sells (and continues to sell) an insurance product for renters that it underwrite. Its products include auto insurance, renters insurance, and life insurance. Its roadside assistance services include mechanical first aid, emergency towing, emergency fluid delivery, emergency tire service, emergency battery service, and lost key or lockout service. Its subsidiaries include First Acceptance Insurance Company of Georgia, Inc. and First Acceptance Insurance Company of Tennessee, Inc.

Key Statistics of First Acceptance Corp (FACO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$5.03$5.10

Today's Open

$5.10

Volume

6753.00

P/E Ratio (TTM)

52 Week Range

$3.00$5.38

Market Cap

191.52M

Avg. Volume

9731.26

Dividend Yield

Financial Metrics & Statements of First Acceptance Corp (FACO)

FAQ's for First Acceptance Corp (FACO)

According to Musaffa’s Shariah screening methodology, First Acceptance Corp (FACO) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.