Is Neptune Insurance Holdings Inc. (NP) halal? Halal. Based on AAOIFI screening, Neptune Insurance Holdings Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (Grade: A+).
NP — Is Neptune Insurance Holdings Inc. Halal?
HalalNeptune Insurance Holdings Inc.
$25.08
-4.46%
About Neptune Insurance Holdings Inc.
A data-driven managing general agent for flood insurance. Sells residential and commercial flood insurance (primary & excess), and parametric earthquake insurance. Uses AI and machine learning platforms (e.g. underwriting engine "Triton", policy management "Poseidon"), distributes via agency network, and does not take balance sheet risk or handle claims themselves; rather, insurance and reinsurance carriers do.
Sector: Technology · Industry: Software - Application
Shariah Compliance Status
Based on AAOIFI screening standards
Excellent
Exceptionally strong compliance
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Halalnow
since Jun 2026
Not Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your NP Dividends
0.6% non-compliant incomeNP has 0.6% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
2.4B
Price
$25.08
Sector
Technology
Industry
Software - Application
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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.