VRSK
Verisk Analytics, Inc.
Is VRSK Halal?
Verisk's conventional-insurance analytics raise a material qualitative concern and March 2026 debt/assets was 97.33%, failing the examined screens.
What You Should Know
Verisk's March 2026 filing reports 97.33% interest-bearing debt/assets, 11.42% identifiable liquidity/assets and 23.46% receivables-plus-cash/assets. Insurance underwriting and claims analytics are the largest disclosed revenue category, but no unsupported prohibited-revenue percentage is invented.
⚠️ Concerns
- •Primary business enables conventional insurance
- •Interest-bearing debt was 97.33% of total assets
- •Financial analytics may facilitate conventional lending
- •Interest income is not separately disclosed for the quarter
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
4,475.6 / 4,598.4
525.2 / 4,598.4
1,078.8 / 4,598.4
- Financial
- Fails
- Overall
- Fails
Debt/assets is 97.33%, above the examined 33.333% limit; liquidity/assets is 11.42% and receivables plus cash/assets is 23.46%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 97.33%, above the examined 33.33% limit; the business screen also remains non-compliant or unresolved for many scholars.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above 33%; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed reproducible historical market-cap series is not stored.
Business-activity disclosure
Verisk provides data and analytics primarily supporting conventional insurance underwriting and claims. Many scholars regard conventional insurance as non-compliant, making the business screen a material concern.
Limitation: The filing reports insurance revenue and other analytics revenue but does not classify contracts under a Sharia standard or provide a prohibited-revenue numerator.
Purification
The filing does not separately quantify interest income for the quarter. Purification cannot cure a failed business or debt screen, and no fixed percentage is prescribed.
Inputs, assumptions and primary sources
- Amounts are USD millions from Verisk's March 31, 2026 Form 10-Q.
- Debt includes short-term/current debt of 258.4 and long-term debt of 4,217.2.
- Available-for-sale securities plus cash are reported at 525.2; cash is reported at 524.5, so identifiable securities are 0.7.
- The filing discusses higher interest income but does not separately disclose a current-quarter amount.
- Insurance and other customer revenue is not a Sharia-classified numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →