Is OCTAVE SPECIALTY GROUP INC (OSG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Specialty | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 60.2% | |
| Operating Margin | -28.6% | |
| Net Margin | -104.2% | |
| Return on Equity (ROE) | -8.4% | |
| Return on Assets (ROA) | -0.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$52M |
| Free Cash Flow | -$52M |
| Total Debt | $118M |
| Debt-to-Equity | 11.7 |
| Current Ratio | 1.0 |
| Total Assets | $2.2B |
Price & Trading
| Last Close | $4.71 |
| 50-Day MA | $5.58 |
| 200-Day MA | $7.59 |
| Avg Volume | 669K |
| Beta | 0.8 |
|
52-Week Range
$4.46
| |
About OCTAVE SPECIALTY GROUP INC (OSG)
Octave Specialty Group, Inc., an insurance holding company, primarily engages in the specialty property and casualty insurance business in the United States and the United Kingdom. It operates in two segments, Specialty Property and Casualty Insurance; and Insurance Distribution. The Specialty Property and Casualty Insurance segment provides specialty property and casualty program insurance with a focus on commercial and personal liability risks. The Insurance Distribution segment offers property, niche specialty risk, accident and health, miscellaneous specialty, reinsurance, surety, marine and energy, specialty auto, excess and surplus lines commercial package, professional lines, and directors' and officers' insurance. The company was formerly known as Ambac Financial Group, Inc. and changed its name to Octave Specialty Group, Inc. in November 2025. The company was incorporated in 1991 and is headquartered in New York, New York.
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Frequently Asked Questions
Is OCTAVE SPECIALTY GROUP INC (OSG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), OCTAVE SPECIALTY GROUP INC 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 OCTAVE SPECIALTY GROUP INC's debt ratio?
OCTAVE SPECIALTY GROUP INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are OCTAVE SPECIALTY GROUP INC's key financial metrics?
OCTAVE SPECIALTY GROUP INC has a market capitalization of $202M, and revenue of $249M. The company maintains a gross margin of 60.2% and a net margin of -104.2%. Return on equity stands at -8.4%.
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.