Doma Holdings Inc

DOMA

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Financials
United States of America
Micro cap

Doma Holdings Inc is not Shariah Compliant because of its involvement in Property & Casualty Insurance (NEC) and related activities.

1.67%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
HOLD
$6.29
$6.29
$6.29
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-4.47%
0.00%
-24.48%
0.00
0.00
0.00%

Shariah Compliance

  • Updated on September 12, 2024
Debt
100%
✗
Non-Compliant Assets
56.92%
✗
Impure Income
1.67%
✓

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
34.08%
✗
Impure Income
1.67%
✓

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
100%
✗
Impure Income
1.67%
✓

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
78.87%
✗
Cash
55.35%
✗
Cash & AR
55.35%
✗
Impure Income
1.67%
✓

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
78.87%
✗
Cash
55.35%
✗
Cash & AR
55.35%
✗
Impure Income
1.67%
✓

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
1.67%

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

Doma Holdings, Inc. is a real estate technology company. The Company’s primary business activity is the issuance of residential and commercial title insurance on purchase and refinance transactions. It operates through two segments: Distribution and Underwriting. Its Underwriting segment reflects the sale and execution of its underwriting and insurance services. These services are integrated with non-captive title and escrow agents in the market (Third-Party Agents) through its captive title insurance carrier. Its Corporate and Other segment reflects its operations related to the execution of its title, escrow and settlement services through its Doma Enterprise channel. Its Doma Enterprise channel targets partnerships with national lenders and mortgage originators that maintain centralized lending operations (Direct Agents). In addition, the Corporate and Other segment includes investing activity related to its investment portfolio held outside Underwriting.

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