Is Union Insurance Co PSC halal to invest in?

According to Musaffa's Shariah screening methodology, Union Insurance Co PSC (UNION.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 Union 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 Union Insurance Co PSC using these criteria to determine its compliance status.

Can Muslims buy shares of Union Insurance Co PSC?

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.

Why is Union Insurance Co PSC classified as NOT HALAL?

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.

How often is the Shariah compliance for Union Insurance Co PSC updated?

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.

Can a halal stock like Union 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 Union Insurance Co PSC?

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.

UNION.AD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 06, 2026

Report Source: 2025 Annual Report

Union Insurance Co PSC. Stock Analysis UNION.AD

United Arab Emirates Financials Micro Cap Report: 2025 Annual

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.

Key Statistics of Union Insurance Co PSC (UNION.AD)

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

Today's Range

AED1.38AED1.38

Today's Open

AED1.38

Volume

10.00K

P/E Ratio (TTM)

7.50

52 Week Range

AED0.60AED1.38

Market Cap

345.00M

Avg. Volume