Is International General Insurance Holdings Ltd. (IGIC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| 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 | 43.4% | |
| Operating Margin | 26.7% | |
| Net Margin | 24.6% | |
| Return on Equity (ROE) | 18.6% | |
| Return on Assets (ROA) | 3.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $209M |
| Free Cash Flow | $203M |
| Current Ratio | 0.7 |
| Total Assets | $2.0B |
Price & Trading
| Last Close | $23.83 |
| 50-Day MA | $24.55 |
| 200-Day MA | $23.91 |
| Avg Volume | 61K |
| Beta | 0.2 |
|
52-Week Range
$20.82
| |
About International General Insurance Holdings Ltd. (IGIC)
International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, marine, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
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Frequently Asked Questions
Is International General Insurance Holdings Ltd. (IGIC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), International General Insurance Holdings Ltd. 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 International General Insurance Holdings Ltd.'s debt ratio?
International General Insurance Holdings Ltd.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are International General Insurance Holdings Ltd.'s key financial metrics?
International General Insurance Holdings Ltd. has a market capitalization of $1.0B, trailing P/E ratio of 8.0, and revenue of $526M. The company maintains a gross margin of 43.4% and a net margin of 24.6%. Return on equity stands at 18.6%.
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.