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Is General Insurance Corporation of India Shariah Compliant? | BarakFi | BarakFi
NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%
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Home›Screener›GICRE
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GICRENSE

General Insurance Corporation of India

Financial Services · Large Cap · India
₹379.2
▼ ₹11.4 (-2.92%) today
Day Range: ₹374.05 – ₹382
Volume: 1.8 L · as of 3 Jun 2026, 1:38 pm
Shariah Status
Requires Review
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Last screened 3 Jun 2026, 7:34 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
See Full Breakdown
Requires Review
Compliance
Market Data
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Shariah Compliance Breakdown
Debt Ratio
Interest-bearing debt compared to methodology denominator (AAOIFI: total assets). Must stay below 30%.
Disclaimer:The information on this page is for educational purposes only and does not constitute a religious ruling (fatwa) or financial advice. Shariah compliance status is derived from publicly available financial data and BarakFi's methodology mapping. Individual scholars may reach different conclusions. Always consult a qualified Islamic finance scholar and a licensed financial advisor before making investment decisions.
BarakFi

Shariah-compliant equity screening for the Indian market.

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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
Not disclosed
Borderline
Interest Income
Interest and treasury-based income as a share of business income. Must stay below 5%.
Threshold: 5%
Requires Review
Review Required
Non-permissible Income
Non-halal income compared to total business income. Must stay below 5%.
Threshold: 5%
Not detected
Pass
Accounts Receivable
Receivables compared to methodology denominator (AAOIFI: total assets). Must stay below 49%.
Threshold: 49%
Not disclosed
Borderline
Business Activity
Core business lines should avoid prohibited sectors and interest-driven revenue dependence.
Allowed
Pass
Cash & Interest-bearing Assets
Cash, equivalents, and interest-bearing balances compared to total assets. Must stay below 30%.
Threshold: 30%
Not disclosed
Borderline
Why Requires Review
General Insurance Corporation of India currently screens as requires review on BarakFi. Additional verification is needed for Receivables ratio. Debt ratio: Total debt figure is missing from the latest reliable filing. Cash & interest-bearing assets: Cash and equivalents figure is missing from the latest reliable filing. Interest income: Total revenue is missing; ratio cannot be computed. Receivables ratio: Receivables ratio could not be computed from disclosed fields.
Market Data
Current Price
₹379.2
Day Range
₹374.05 – ₹382
52-Week Range
₹350.25 – ₹424.65
Volume
1.8 L
Market Cap
₹67,123 Cr
P/E Ratio
—
About General Insurance Corporation of India

General Insurance Corporation of India engages in the provision of reinsurance services to the direct general insurance companies. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-10-25. The firm is engaged in the business of domestic reinsurance, international reinsurance, overseas, and training / life. The company is formed for the purpose of superintending, controlling and carrying on the business of general insurance. The Company’s domestic reinsurance provides reinsurance to the direct general insurance companies in the Indian market. The Company’s international reinsurance business provides reinsurance programmers’ of several insurance companies in SAARC countries, South East Asia, Middle East and Africa. Its overseas offices operate in Middle East Region (Bahrain, Cyprus, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen, Algeria, Egypt, Libya, Morocco, Sudan and Tunisia.

BarakFi combines that company context with filing-driven screening ratios, market-cap evidence, and live quote snapshots so you can review the stock through a Shariah-screening lens without losing the underlying business picture.

Index and universe context: Nifty 500 • Nifty SMALLCAP 100.

Financial ServicesLarge CapIndiaNSENifty 500Nifty SMALLCAP 100
Other Stocks in Financial Services
BAJFINANCE
Bajaj Finance Limited
Not Compliant
LICI
Life Insurance Corporation of India
Requires Review
BAJAJFINSV
Bajaj Finserv Ltd.
Not Compliant
SHRIRAMFIN
Shriram Finance Limited
Not Compliant
ICICIAMC
ICICI Prudential Asset Management Company Ltd.
Compliant
Key Compliance Ratios
Debt RatioNot disclosed
Interest IncomeRequires Review
Non-permissible IncomeNot detected
Receivables RatioNot disclosed
Overall StatusRequires Review
Stock Information
TickerGICRE
ExchangeNSE
SectorFinancial Services
CountryIndia
Market Cap₹67,123 Cr
36M Avg MCap₹68,378 Cr
Cap SizeLarge Cap
About this Screening
This page uses an AAOIFI-aligned methodology version 2026.04.2, checking debt, interest income, non-permissible income, receivables, and balance-sheet context from the current filings dataset.

This is educational only — not a religious ruling or financial advice. Read the full methodology for threshold context and update cadence.

Read full methodology →
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