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Is The New India Assurance Company Ltd. 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›NIACL
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NIACLNSE

The New India Assurance Company Ltd.

Financial Services · Large Cap · India
₹157.75
▼ ₹8.45 (-5.08%) today
Day Range: ₹156.56 – ₹161.58
Volume: 5.4 L · as of 1 Jun 2026, 2:50 am
Shariah Status
Requires Review
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Last screened 29 May 2026, 7:39 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
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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 stock research for Indian equities. Educational only.
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MethodologyAbout
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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
The New India Assurance Company Ltd. 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
₹157.75
Day Range
₹156.56 – ₹161.58
52-Week Range
₹116.97 – ₹214.74
Volume
5.4 L
Market Cap
₹25,943 Cr
P/E Ratio
23.5×
About The New India Assurance Company Ltd.

The New India Assurance Co. Ltd. is a government owned general insurance company, which engages in the provision of insurance services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-11-13. Its insurance products include Fire, Marine, Motor, Health, Liability, Aviation, Engineering, Crop, Other Miscellaneous, and others. Its Fire insurance products include Bharat Sookshma Udyam Suraksha, Business Interruption, Fire Floater, Fire Floater Declaration, Fire Large Risk, Industrial All Risk, New India Bharat Griha Raksha, New India Bharat Laghu Udyam Suraksha, and Petrochemical. Its Marine insurance products include Port Package Policy, Sellers Interest Insurance, Ship Breaking Insurance, Specific Voyage, Tea Crop Insurance, Voyage Insurance, and others. Its Indian operations span across all territories through about 2214 offices. The company operates in about 26 countries through direct branches, agency operations, subsidiary companies and associates. Its subsidiaries include The New India Assurance Co. (T & T) Ltd., The New India Assurance Co. (S.L.) Ltd., and Prestige Assurance Plc.

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 MIDCAP 100.

Financial ServicesLarge CapIndiaNSENifty 500Nifty MIDCAP 100
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Key Compliance Ratios
Debt RatioNot disclosed
Interest IncomeRequires Review
Non-permissible IncomeNot detected
Receivables RatioNot disclosed
Overall StatusRequires Review
Stock Information
TickerNIACL
ExchangeNSE
SectorFinancial Services
CountryIndia
Market Cap₹25,943 Cr
36M Avg MCap₹30,949 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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