Is UTG Inc halal to invest in?

According to Musaffa's Shariah screening methodology, UTG Inc (UTGN) is currently classified as NOT HALAL as of January 2025. 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 UTG Inc 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 UTG Inc using these criteria to determine its compliance status.

Can Muslims buy shares of UTG Inc?

Muslim investors may consider investing in UTG Inc 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 UTG Inc classified as NOT HALAL?

Musaffa determines the Shariah status of UTG Inc 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 UTG Inc updated?

The Shariah compliance status of UTG Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like UTG Inc 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 UTG Inc?

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

UTGN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 14, 2025

Report Source: 2024 3rd Quarter Report

UTG Inc. Stock Analysis UTGN

United States Financials Micro Cap Report: Q3, 2024

UTG, Inc. operates as an insurance holding company, which engages in the provision of individual life insurance. The company is headquartered in Stanford, Kentucky and currently employs 40 full-time employees. The company went IPO on 2002-01-25. The Company’s principal subsidiary is Universal Guaranty Life Insurance Company (UG). The firm and its primary subsidiary operate through the insurance segment. Its dominant business is individual life insurance, which includes the servicing of existing insurance business in-force, the acquisition of other companies in the insurance business, and the administration processing of life insurance business for other entities. UG’s product portfolio consists of a limited number of life insurance product offerings. All the products are individual life insurance products, with design variations from each other to provide choices for the customer. Its Tradition policy is a fixed premium whole life insurance policy. Its annuity product is a five-year, single premium product. The firm owns a variety of investments associated with the oil and gas industry. Its investment real estate portfolio includes ownership in oil and gas royalties.

Key Statistics of UTG Inc (UTGN)

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

Today's Range

$53.00$53.00

Today's Open

$53.00

Volume

116.00

P/E Ratio (TTM)

9.65

52 Week Range

$36.99$65.73

Market Cap

164.90M

Avg. Volume

434.00

Dividend Yield

Financial Metrics & Statements of UTG Inc (UTGN)

FAQ's for UTG Inc (UTGN)

According to Musaffa’s Shariah screening methodology, UTG Inc (UTGN) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.