Fidelis Insurance Holdings Ltd

FIHL

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Financials
Bermuda
Small Cap

Fidelis Insurance Holdings Ltd is not Shariah Compliant because of its involvement in Property & Casualty Insurance (NEC)0/5> and related activities.

-

Impure Income*

$6.193

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
HOLD
$22.31
9
-12.04%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
12.48%
9.08%
0.00
0.00
74.73%

Shariah Compliance

Debt
51.02%
Non-Compliant Assets
10.58%
Impure Income
0.00%
-

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
45.92%
Impure Income
0.00%
-

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
43.58%
Impure Income
0.00%
-

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
6.78%
Cash
8.42%
Cash & AR
8.42%
Impure Income
0.00%
-

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
6.78%
Cash
8.42%
Cash & AR
8.42%
Impure Income
0.00%
-

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Fidelis Insurance Holdings Limited is a Bermuda-based insurance and reinsurance company. The Company is a holding company. Through its subsidiaries, it provides insurance and reinsurance. The Company classifies its business into two segments: The Insurance segment, and Reinsurance. The Insurance segment comprises a specialized portfolio of risks that include property, marine, asset backed finance & portfolio credit, aviation and aerospace, political risk, violence & terror, energy, cyber, and other insurance risks. The Insurance segment also includes a portfolio of aviation and aerospace, energy, marine, property, and others. The Reinsurance segment is primarily a residential property catastrophe book, which includes property and retro and whole account reinsurance. The subsidiaries of the Company are Fidelis Insurance Bermuda Limited (FIBL), Fidelis Underwriting Limited (FUL), Fidelis Insurance Ireland DAC (FIID), and FIHL (UK) Services Limited (FSL).

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