Sharjah Insurance Co PSC SICO.AD
AED1.65
Last Updated: Jul 11, 12:00 AM·ADX
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SICO.AD Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Sharjah Insurance Co PSC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Sharjah Insurance Co PSC. Stock Analysis SICO.AD
United Arab Emirates Financials Micro Cap 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.
Sharjah Insurance Co PSC (SICO.AD) Chart
Financial Metrics & Statements of Sharjah Insurance Co PSC (SICO.AD)
FAQ's for Sharjah Insurance Co PSC (SICO.AD)
- As of August 2026, Sharjah Insurance Co PSC SICO.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 Sharjah Insurance Co PSC using these criteria to determine its compliance status.
- 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.
- 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.
- 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.
- 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 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.
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