Is American Coastal Insurance Corporation (ACIC) halal? Not Halal. Based on AAOIFI screening, American Coastal Insurance Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
ACIC — Is American Coastal Insurance Corporation Halal?
Not HalalAmerican Coastal Insurance Corporation
$10.43
-0.48%
About American Coastal Insurance Corporation
American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, cyber security, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023. American Coastal Insurance Corporation was founded in 1999 and is headquartered in Saint Petersburg, Florida.
Sector: Financial Services · Industry: Insurance - Property & Casualty
Shariah Compliance Status
Based on AAOIFI screening standards
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Prohibited industry: Insurance - Property & Casualty
Financial Ratio Screen
FailedFinancial ratios must be below AAOIFI thresholds
Compliance History
Not Halalnow
since Apr 2026
Doubtful
before we began tracking
Tracked since Apr 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
505.5M
Price
$10.43
Sector
Financial Services
Industry
Insurance - Property & Casualty
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.