Is Pekin Life Insurance Co halal to invest in?

According to Musaffa's Shariah screening methodology, Pekin Life Insurance Co (PKIN) is currently classified as NOT HALAL as of July 2024. 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 Pekin Life Insurance Co 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 Pekin Life Insurance Co using these criteria to determine its compliance status.

Can Muslims buy shares of Pekin Life Insurance Co?

Muslim investors may consider investing in Pekin Life Insurance Co 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 Pekin Life Insurance Co classified as NOT HALAL?

Musaffa determines the Shariah status of Pekin Life Insurance Co 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 Pekin Life Insurance Co updated?

The Shariah compliance status of Pekin Life Insurance Co may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Pekin Life Insurance Co 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 Pekin Life Insurance Co?

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

PKIN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 08, 2024

Report Source: 2023 Annual Report

Pekin Life Insurance Co. Stock Analysis PKIN

United States Financials Micro Cap Report: 2023 Annual

Pekin Life Insurance Co. engages in the provision of life and accident insurance policies. The company is headquartered in Pekin, Illinois. The firm's product categories include personal and business insurance. Its personal insurance products include auto, home, life and health. Its auto products include auto insurance, coverage enhancements, policy discounts, and motorcycle & off-road. The firm's home products include home insurance, coverage enhancements, and policy discounts. Its life products include life insurance, coverage enhancements, annuities, funeral preplanning, and beneficiary support. Its health products include Medicare supplement, health claim inquiry, and group plan solutions. Its business insurance products include coverage enhancements, workers compensation, loss control program, employee benefits and more, and group plan solutions. Its business coverage enhancements include employment practices liability insurance, equipment breakdown coverage, inland marine package endorsement, employee benefits liability, and business interruption.

Key Statistics of Pekin Life Insurance Co (PKIN)

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

Today's Range

$11.75$11.75

Today's Open

$11.75

Volume

2365.00

P/E Ratio (TTM)

52 Week Range

$10.12$12.10

Market Cap

200.55M

Avg. Volume

646.00

Dividend Yield

Financial Metrics & Statements of Pekin Life Insurance Co (PKIN)

FAQ's for Pekin Life Insurance Co (PKIN)

According to Musaffa’s Shariah screening methodology, Pekin Life Insurance Co (PKIN) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.