Is SASCO (8040) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Diversified | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Diversified | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Diversified | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Diversified | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Diversified | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 7.8% | |
| Operating Margin | -3.7% | |
| Net Margin | 1.4% | |
| Return on Equity (ROE) | 1.0% | |
| Return on Assets (ROA) | 0.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$55M |
| Free Cash Flow | -$57M |
| Total Debt | $14M |
| Debt-to-Equity | 2.0 |
| Current Ratio | 0.5 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | SAR 8.90 |
| 50-Day MA | SAR 9.89 |
| 200-Day MA | SAR 12.60 |
| Avg Volume | 90K |
| Beta | 0.2 |
|
52-Week Range
SAR 8.20
| |
About SASCO (8040)
Mutakamela Insurance Company provides insurance products and solution in the Kingdom of Saudi Arabia. It operates through Motor, Health care, Property and Casualty, and Protection and Saving segments. The company offers accident, fire or theft, and third-party liability motor insurance; medical cover to policyholders; group retirement products; and protection and saving products to individuals and corporate institutions. It also provides engineering insurance for builders' risks, construction, mechanical, electrical, electronic, machinery breakdown, and other; property accidental physical loss or damage, fire and allied perils, and related losses; and marine, credit, fidelity guarantee, and liability insurance products, as well as burglary and money insurance solutions. The company was formerly known as Allianz Saudi Fransi Cooperative Insurance Company and changed its name to Mutakamela Insurance Company in November 2024. Mutakamela Insurance Company was incorporated in 2006 and is headquartered in Riyadh, the Kingdom of Saudi Arabia. Mutakamela Insurance Company is a subsidiary of Abu Dhabi National Insurance Company PJSC.
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Frequently Asked Questions
Is SASCO (8040) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SASCO is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SASCO's debt ratio?
SASCO's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are SASCO's key financial metrics?
SASCO has a market capitalization of $535M, trailing P/E ratio of 69.2, and revenue of $552M. The company maintains a gross margin of 7.8% and a net margin of 1.4%. Return on equity stands at 1.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.