Is Sharjah Insurance Co PSC halal to invest in?

According to Musaffa's Shariah screening methodology, Sharjah Insurance Co PSC (SICO.AD) is currently classified as NOT HALAL as of January 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 Sharjah Insurance Co 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 Sharjah Insurance Co PSC using these criteria to determine its compliance status.

Can Muslims buy shares of Sharjah Insurance Co PSC?

Muslim investors may consider investing in Sharjah Insurance Co 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 Sharjah Insurance Co PSC classified as NOT HALAL?

Musaffa determines the Shariah status of Sharjah Insurance Co 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 Sharjah Insurance Co PSC updated?

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

Can a halal stock like Sharjah Insurance Co 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 Sharjah Insurance Co PSC?

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

SICO.AD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 16, 2026

Report Source: 2025 3rd Quarter Report

Sharjah Insurance Co PSC. Stock Analysis SICO.AD

United Arab Emirates Financials Micro Cap Report: Q3, 2025

Sharjah Insurance Co. engages in the provision of general insurance services. The company is headquartered in Sharjah, Sharjah. The company went IPO on 2005-10-18. The firm is organized into two business segments: the General Insurance segment covers all classes of insurance, including fire, marine, motor, general accident and miscellaneous, and the Investments segment includes investments in the United Arab Emirates marketable equity securities, term deposits with banks and investment properties. In addition, the Company also provides medical, travel and other insurance, including banker's blanket bond insurance, professional indemnity insurance, products liability insurance, medical malpractice insurance and ship repairer's legal liability insurance. The firm operates through its head office in Sharjah, and has branches in Dubai and Ajman.

Key Statistics of Sharjah Insurance Co PSC (SICO.AD)

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

Today's Range

AED1.65AED1.65

Today's Open

AED1.65

Volume

2000.00

P/E Ratio (TTM)

45.52

52 Week Range

AED1.49AED1.50

Market Cap

228.02M

Avg. Volume