Is JECO (8050) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | -15.3% | |
| Operating Margin | -27.5% | |
| Net Margin | -15.7% | |
| Return on Equity (ROE) | -34.9% | |
| Return on Assets (ROA) | -7.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$5M |
| Total Debt | $15M |
| Debt-to-Equity | 5.6 |
| Current Ratio | 25.2 |
| Total Assets | $809M |
Price & Trading
| Last Close | SAR 7.52 |
| 50-Day MA | SAR 8.55 |
| 200-Day MA | SAR 10.76 |
| Avg Volume | 138K |
| Beta | 0.3 |
|
52-Week Range
SAR 7.20
| |
About JECO (8050)
Salama Cooperative Insurance Company provides insurance products and services in the Kingdom of Saudi Arabia. The company operates through Medical, Motor, and Others segments. It offers motor insurance products, including comprehensive, third party, and corporate insurance products that cover accidents, fire, towing, malicious, and theft, as well as estimation and medical expenses; and medical insurance, such as Sme Raha and corporate insurance products that cover care type, medicines, chronic diseases, vaccinations, maternity and neonatal, physiotherapy, ophthalmology, dental care, oncology, and CCHI expenses. The company also provides travel insurance comprising personal accident, medical expenses, repatriation of mortal, lost baggage, passport loss, cash loss, personal liability, and accidental death insurance; and malpractice insurance for specialties, flexible, and medical facilities coverage. In addition, it offers general insurance coverage products, such as engineering, liability, marine, property, and general accident insurance. The company was formerly known as Saudi IAIC Cooperative Insurance Company and changed its name to Salama Cooperative Insurance Company in 2012. Salama Cooperative Insurance Company was founded in 1979 and is based in Jeddah, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is JECO (8050) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), JECO 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 JECO's debt ratio?
JECO's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are JECO's key financial metrics?
JECO has a market capitalization of $231M, and revenue of $516M. The company maintains a gross margin of -15.3% and a net margin of -15.7%. Return on equity stands at -34.9%.
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.