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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
NI

NIACL.NS

Stock The New India Assurance Company Limited
198.92 INR

National Stock Exchange of India · Financials · IN

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Alert
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-09-13
HTR non-permissible income 10.78%

Methodology breakdown not tracked for NIACL.NS yet — our own seven-methodology screen needs filed financials we do not have for this symbol. The verdict above is our compliance provider's, unchanged.

🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

The New India Assurance Company Limited (NIACL.NS) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-09-13). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies The New India Assurance Company Limited under conventional insurance, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.

Market & analysts
Price target
170.33 INR
-14.4% · 3 analysts
Institutional own.
10.8%
of shares
NON-COMPLIANT
Sharia compliance
10.78%
Non-permissible income — HTR, from filings (2026-03-31)
170.33 INR
Price target (-14.4%) · 3 analysts
10.8%
Institutional ownership

🕌 In-house Compliance Research

Not tracked for NIACL.NS yet — our own seven-methodology screen runs off filed financials, and we do not have them for this symbol. The verdict above is our compliance provider's, unchanged and not affected by this.

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. NIACL.NS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: conventional_insurance

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing investments 72.30% 30.00% Fail
Non-permissible income 10.78% 5.00% Fail

MSCI Fail

RatioValueThresholdResult
Cash + interest-bearing securities 21.02% 33.33% Pass
Accounts receivable 26.17% 33.33% Pass
Non-permissible income 10.78% 5.00% Fail

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Cash + interest-bearing securities 81.85% 33.00% Fail
Accounts receivable 20.08% 33.00% Pass
Non-permissible income 10.78% 5.00% Fail

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Cash + interest-bearing securities 76.33% 49.00% Fail
Accounts receivable 18.72% 49.00% Pass
Non-permissible income 10.78% 5.00% Fail

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Cash + interest-bearing securities 76.33% 33.33% Fail
Accounts receivable 95.05% 49.00% Fail
Non-permissible income 10.78% 5.00% Fail

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

The numbers the ratios are built from

Read from NIACL.NS's own filings. Every percentage on this page is one of these lines divided by another, so the inputs are shown rather than asserted.

LineFigureAs reportedRead from
RevenueTotal revenue for the period $5.4B 2026-03-31
Interest-bearing debtBorrowings — which definition was stored is not recorded not measured
Cash and interest-bearing securitiesCash, equivalents and marketable securities $2.5B 2026-03-31
Total assetsBalance sheet total $11.8B 2026-03-31
Market capDenominator for AAOIFI $3.4B
36-month average market capDenominator for S&P Shariah and MSCI M-Series not measured
24-month average market capDenominator for Dow Jones Islamic Market not measured
Non-permissible revenueInterest and excluded income $586.9M 2026-03-31

Two dates, not one: a balance-sheet line and an income-statement line cover different windows by design, so each figure carries its own.

What changed, and when

Verdict history for NIACL.NS. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

  • 2026-09-07 No change recorded Every scan since tracking began has re-derived the same verdict for NIACL.NS.

ℹ️ no compliance scan has run for 2 days - this is not a reading of today

231.20202.61174.03145.44116.862025-09-152026-03-172026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
182.07
S2
189.16
S1
193.26
PIVOT
200.35
R1
204.45
R2
211.54
R3
215.64

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
161.68 235.10
±18.5% from 198.39, made 2026-09-13 · resolves 2026-09-20
STRONG BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 28939 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG BUY
19 indicators
OscillatorsSTRONG BUY
3 buy · 4 neutral · 0 sell
Moving averagesSTRONG BUY
10 buy · 0 neutral · 2 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)53.20NEUTRAL
Stochastic %K (14)26.55NEUTRAL
CCI (20)25.57NEUTRAL
Williams %R (14)-73.45NEUTRAL
MACD (12,26,9)0.21BUY
ROC (10)6.47BUY
Momentum (10)12.05BUY
EMA (10)201.89SELL
SMA (10)203.90SELL
EMA (20)196.36BUY
SMA (20)194.48BUY
EMA (30)192.15BUY
SMA (30)189.21BUY
EMA (50)186.24BUY
SMA (50)183.78BUY
EMA (100)177.53BUY
SMA (100)174.55BUY
EMA (200)171.00BUY
SMA (200)161.39BUY

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About The New India Assurance Company Limited

Financial Services · Insurance - Diversified

The New India Assurance Company Limited, together with its subsidiaries, engages in the general insurance industry in India and internationally. The company offers motor, health, travel, rural, credit, engineering, aviation, personal accident, liability, marine hull, fire, marine cargo, and miscellaneous insurances, as well as rural micro products, such as cattle, sheep, goat, pig, and agriculture pumpset Sukshma Bima policies. It also provides reinsurance, bancassurance, state insurance plan, and parametric insurances. The New India Assurance Company Limited was incorporated in 1919 and is headquartered in Mumbai, India.

newindia.co.in ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is this a fatwa?

No. HTR applies published screening standards to a company's own filings and shows the result under each one. It is research, not a religious ruling. For a ruling that applies to you, ask a qualified scholar.

Why can the standards disagree?

Because they measure different things. Some divide interest-bearing debt by market cap, others by total assets, and the thresholds differ too. The same filing can clear one line and cross another. HTR shows every verdict rather than averaging them into one label.

How often is this re-screened?

Ratios are recomputed when a new filing lands, and the whole watchlist is re-screened on a rolling basis. The date on the verdict above is the last time this symbol was actually recomputed, not the last time the page was built.

Do I need to purify dividends?

If a company earns some non-permissible income, many scholars hold that the same share of any dividend should be given away. The non-permissible income figure above is the number that calculation starts from.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.