Is QLM Life & Medical Insurance Company (QLMI) halal?
QLM Life & Medical Insurance Company is not compliant: its core business activity falls in a category AAOIFI Standard 21 does not permit (for example conventional insurance, alcohol, tobacco, gambling or adult entertainment), so its financial ratios are not assessed.
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Frequently asked questions
Is QLM Life & Medical Insurance Company (QLMI) halal?
QLM Life & Medical Insurance Company is not compliant: its core business activity falls in a category AAOIFI Standard 21 does not permit (for example conventional insurance, alcohol, tobacco, gambling or adult entertainment), so its financial ratios are not assessed.
What makes a stock halal or haram?
Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.
How much of QLM Life & Medical Insurance Company's dividends should be purified?
Sanad does not show a purification percentage for this company because its interest income is not reported or it is not a compliant company.
How often is this updated?
Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.