Ras Al Khaimah National Insurance Company PSC RAKNIC.AD
AED3.02
Last Updated: Apr 06, 12:00 AM·ADX
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RAKNIC.AD Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Ras Al Khaimah National Insurance Company PSC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ras Al Khaimah National Insurance Company PSC. Stock Analysis RAKNIC.AD
United Arab Emirates Financials Micro Cap Ras Al-Khaimah National Insurance Co. engages in the provision of insurance services. The company is headquartered in Ras Al Khaimah City, Ras Al-Khaimah. The company went IPO on 2005-07-03. The firm is organized into two business segments: the Underwriting of general insurance business segment covers all classes of general insurance, including fire, marine, motor, general accident and miscellaneous, and the Investments segment includes investments in United Arab Emirates (UAE) marketable equity securities, term deposits with banks, investment properties, trading investments and other securities. The firm operates through its head office in Ras Al Khaimah, and branch offices in Dubai and Abu Dhabi.
Ras Al Khaimah National Insurance Company PSC (RAKNIC.AD) Chart
Financial Metrics & Statements of Ras Al Khaimah National Insurance Company PSC (RAKNIC.AD)
FAQ's for Ras Al Khaimah National Insurance Company PSC (RAKNIC.AD)
- As of August 2026, Ras Al Khaimah National Insurance Company PSC RAKNIC.AD is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ras Al Khaimah National Insurance Company PSC using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ras Al Khaimah National Insurance Company PSC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Ras Al Khaimah National Insurance Company PSC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Ras Al Khaimah National Insurance Company PSC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Ras Al Khaimah National Insurance Company PSC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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