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Home/Screener/NIACL
NSEInsuranceIndia
NIACL logo

The New India Assurance Company Limited

Non-Compliant
₹124

-0.14% today · Day ₹118 – ₹124 · NSE (public)

3/6Pass

This stock doesn't meet 3 Shariah rules. See below to understand why.

63/100
Non-Compliant

This stock doesn't meet 3 Shariah rules. See below to understand why.

Market Cap₹20,325
Revenue₹44,064
Total Debt₹0
Debt / Mcap0.00%
Non-Halal Income11.41%
SectorInsurance
✦
Insurance›Insurance
▲
Mid Cap›Market cap of ₹20,325
⇅
Low Risk›Debt ratio 0.00%
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Price Chart
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52-Week Range7% from low
₹117₹124₹215
52-Week Low₹117
52-Week High₹215
Prev Close₹124

Multi-Methodology Screening

Screened against 3 international Shariah standards

ConsensusNon-Compliant0/3 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio0.0%/ 33.0%
Non-Halal Income11.4%/ 5.0%
Interest Income11.4%/ 5.0%
Receivables27.4%/ 33.0%
Cash & IB Securities19.3%/ 33.0%
SectorProhibited

Business sector is non-compliant (prohibited activity).

Non-permissible income is 11.4% of revenue (limit: <5%).

Interest income is 11.4% of revenue (limit: <5%).

AAOIFI StandardsNon-Compliant
Debt Ratio0.0%/ 30.0%
Non-Halal Income11.4%/ 5.0%
Interest Income11.4%/ 5.0%
Receivables5.1%/ 49.0%
Cash & IB Securities19.3%/ 30.0%
SectorProhibited

Business sector is non-compliant (prohibited activity).

Non-permissible income is 11.4% of revenue (limit: <5%).

Interest income is 11.4% of revenue (limit: <5%).

FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio0.0%/ 33.0%
Non-Halal Income11.4%/ 5.0%
Interest Income11.4%/ 5.0%
Receivables5.1%/ 50.0%
Cash & IB Securities19.3%/ 33.0%
SectorProhibited

Business sector is non-compliant (prohibited activity).

Non-permissible income is 11.4% of revenue (limit: <5%).

Interest income is 11.4% of revenue (limit: <5%).

Each methodology uses different denominators and thresholds. A stock may be compliant under one standard but not another. The consensus reflects the majority verdict across all three.

Compliance check

Green = safe, amber = close to limit, red = over the limit

Debt level
0.00%
How much debt the company carriesLimit: 33.00%
Current debt
0.00%
Debt compared to current company valueLimit: 33.00%
Income purity
11.41%
How much income comes from non-halal sourcesLimit: 5.00%
Interest earned
11.41%

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Interest income as portion of total revenueLimit: 5.00%
Money owed to company
27.36%
Outstanding receivables compared to company valueLimit: 33.00%
Cash & interest-bearing
19.34%
Cash and interest-bearing securities as a portion of total assetsLimit: 33.00%
Fixed Assets / Total Assets
0.41%
Asset composition indicatorNo hard threshold

Screening rules

Why it screened this way

✗

Business sector is non-compliant (prohibited activity).

✗

Non-permissible income is 11.4% of revenue (limit: <5%).

✗

Interest income is 11.4% of revenue (limit: <5%).

Screening results indicate whether this stock meets specific methodology criteria. They do not constitute a fatwa or religious ruling. Consult a qualified Shariah scholar for definitive guidance. View methodology
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