Is Ras Al Khaimah National Insurance Company PSC halal to invest in?

According to Musaffa's Shariah screening methodology, Ras Al Khaimah National Insurance Company PSC (RAKNIC.AD) is currently classified as NOT HALAL as of April 2026. 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 Ras Al Khaimah National Insurance Company PSC 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 Ras Al Khaimah National Insurance Company PSC using these criteria to determine its compliance status.

Can Muslims buy shares of Ras Al Khaimah National Insurance Company PSC?

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.

Why is Ras Al Khaimah National Insurance Company PSC classified as NOT HALAL?

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.

How often is the Shariah compliance for Ras Al Khaimah National Insurance Company PSC updated?

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.

Can a halal stock like Ras Al Khaimah National Insurance Company PSC 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 Ras Al Khaimah National Insurance Company PSC?

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.

RAKNIC.AD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 06, 2026

Report Source: 2025 Annual Report

Ras Al Khaimah National Insurance Company PSC. Stock Analysis RAKNIC.AD

United Arab Emirates Financials Micro Cap Report: 2025 Annual

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.

Key Statistics of Ras Al Khaimah National Insurance Company PSC (RAKNIC.AD)

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

Today's Range

AED3.02AED3.02

Today's Open

AED3.02

Volume

340.00

P/E Ratio (TTM)

8.48

52 Week Range

AED2.62AED3.34

Market Cap

366.25M

Avg. Volume