Union Insurance Co PSC UNION.AD
AED1.31 AED0.06 (4.38%) 1D
Last Updated: Aug 06, 12:00 AM·ADX
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UNION.AD Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Union Insurance Co PSC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Union Insurance Co PSC. Stock Analysis UNION.AD
United Arab Emirates Financials Micro Cap Union Insurance Co. engages in the provision of insurance services. The company is headquartered in Dubai, Dubai. The company went IPO on 2004-04-11. The firm is organized into two business segments; the General Insurance segment covers all classes of general insurance including fire, marine, motor, general accident and miscellaneous, and the Investments segment includes investments in the United Arab Emirates (UAE) and Gulf Cooperation Council (GCC) marketable equity securities, term deposits with banks, investment properties, trading investments and other securities. The firm operates through its head office in Ajman and branch offices in Sharjah, Abu Dhabi and Dubai. The firm is managed by Al Sagr Insurance Co. PSC through a management agreement.
Union Insurance Co PSC (UNION.AD) Chart
Financial Metrics & Statements of Union Insurance Co PSC (UNION.AD)
FAQ's for Union Insurance Co PSC (UNION.AD)
- As of August 2026, Union Insurance Co PSC UNION.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 Union Insurance Co PSC using these criteria to determine its compliance status.
- Muslim investors may consider investing in Union 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 Union 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 Union 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 Union 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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