Is Oxbridge Re (OXBR) stock Halal?

Oxbridge Re is a specialty reinsurance company that focuses on writing property catastrophe reinsurance policies and investing in various financial assets. Its main role in the financial market is to provide risk management solutions to insurance companies, primarily targeting short-tail catastrophe risks such as hurricanes and earthquakes. This enables clients to mitigate the potential financial impact of unexpected, high-severity events. Before any of that matters to a Muslim investor, one question comes first: is Oxbridge Re stock Halal?

Is Oxbridge Re Shariah compliant?

In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Oxbridge Re, that distinction comes first, with the debt and investment ratios behind it.

Does Oxbridge Re pass the business activity test?

The activity screen is only part of the picture this month: Oxbridge Re currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.

Is Oxbridge Re's income Halal?

No. Oxbridge Re's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Oxbridge Re meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has OXBR re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing