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).

American Coastal Insurance Corporation

ACIC: Is American Coastal Insurance Corporation Halal?

Not Halal

American Coastal Insurance Corporation

NASDAQFinancial ServicesUS

$10.44

+1.75%

About American Coastal Insurance Corporation

American Coastal Insurance Corporation (ACIC) is a holding company specializing in property and casualty insurance, managing the development, underwriting, and administration of policies across the United States. It provides comprehensive residential coverage, protecting single-family homeowners, renters, and condominium unit owners with policies that span structural damage, personal belongings, and liability. Furthermore, ACIC extends its offerings to the commercial sector, providing multi-peril property insurance tailored for residential condominium associations and apartment complexes. This coverage safeguards against loss or damage to buildings, inventory, and equipment resulting from various events, including fire, wind, hail, water damage, theft, and vandalism. The company also offers specialized policies, encompassing equipment breakdown, identity theft protection, cybersecurity, and flood insurance. Its products are distributed and marketed through an extensive network of independent agencies. Founded in 1999, the firm, which was formerly known as United Insurance Holdings Corp. until its rebranding in August 2023, maintains its headquarters in Saint Petersburg, Florida.

Sector: Financial Services 路 Industry: Insurance - Property & Casualty

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited industry: Insurance - Property & Casualty

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap29.6% / 30.0%

Compliance History

  1. Not Halalnow

    since Apr 2026

  2. Doubtful

    before we began tracking

Tracked since Apr 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

506.0M

Price

$10.44

Sector

Financial Services

Industry

Insurance - Property & Casualty

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This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is American Coastal Insurance Corporation (ACIC) halal to invest in?
American Coastal Insurance Corporation (ACIC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did American Coastal Insurance Corporation get a F compliance rating?
American Coastal Insurance Corporation (ACIC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.6% (limit 30%); interest-bearing deposits of 39.2% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change American Coastal Insurance Corporation's Shariah verdict?
American Coastal Insurance Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is American Coastal Insurance Corporation re-screened for Shariah compliance?
American Coastal Insurance Corporation (ACIC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.