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GICRE

NSEFinancial ServicesCap: ₹54535.52 Cr

General Insurance Corporation of India

-14.55%YTD

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:
  • Sector Prohibition: Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.
  • Liquidity: Cash 51.91% exceeds limit 33.0%.
  • Impure Revenue: Non-permissible income 16.16% exceeds limit 5.0%.

Market Fundamentals

Live NSE/BSE
Market Cap
₹54535.52 Cr
P/E Ratio
6.1x
P/B Ratio
0.6x
52W High
₹417.95
52W Low
₹308
Div. Yield
426.00%
Shares O/S
175.44 Cr

Where Does the Money Come From?

Revenue breakdown for General Insurance Corporation of India

Core Financial Services OperationsProhibited Core Activity

Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.

83.8%of Total Revenue
Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)

Non-operating interest income earned from cash and fixed deposits. Requires purification.

16.2%of Total Revenue
About General Insurance Corporation of India

Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.

Interest-Bearing Debt Ratio
3.3%Max: ≤ 33.0%
Cash & Securities Liquidity
51.91%Max: ≤ 33.0%
Impure Revenue Ratio
16.16%Max: ≤ 5.0%
Screening Denominator
30-Day Average Market Cap

Purification & Zakat Calculator

Calculate how much to donate for GICRE

⚠️ Note: GICRE is not Halal. The right step is to sell this stock, not just purify the dividends. Keeping a non-compliant investment is not resolved by Sadaqah.
Is General Insurance Corporation of India (GICRE) Halal? Shariah Compliance Status | Haq Finance