Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Verisk Analytics, Inc. (VRSK) Halal?

PASS

Verisk Analytics, Inc. · NASDAQ: VRSK · Industrials

The short answer

Yes -- Verisk Analytics, Inc. (VRSK) passes this Shariah stock screen on all three gates. Per its own FY2025 10-K (fiscal year ended December 31, 2025, filed February 18, 2026), Verisk is a data, analytics, and technology provider to the insurance ecosystem -- it sells analytics and software to insurers, it does not underwrite conventional insurance or lend, and it reports no haram segments, so the business screen passes. Its separately disclosed 'Investment income and others, net' of $13.3M for FY2025 is about 0.43% of its $3,072.7M in revenue, below the 5% non-compliant income ceiling. Its debt screen passes: $4,737.2M of short-term and long-term interest-bearing debt is about 20.39% of its ~$23.23B market cap ($168.38, latest close retrieved October 2, 2026), below the ~33% ceiling. Honest third-party note: Zoya covers VRSK and flags it 'questionable' (not halal), and Musaffa covers it as 'not halal' (October 2026) -- both reported as found, differing from this page's PASS result; ShariaPortfolio had no VRSK coverage found. All figures come from Verisk's own filed 10-K and Finnhub's quote.

Gate 1 — Business activity: PASS

Verisk Analytics, Inc. (NASDAQ: VRSK), based in Jersey City, New Jersey, describes itself in its FY2025 10-K Item 1 as a leading data, analytics, and technology provider serving clients in the insurance ecosystem -- collecting and analyzing billions of records to deliver predictive analytics and decision-support solutions for rating, underwriting, claims, catastrophe modeling, weather risk, and other fields. It reports a single segment with underwriting and claims business units; in 2025 its clients included all of the top 100 U.S. P&C insurance providers for the lines it serves. Business screen (factual, from the filing): Verisk sells analytics and software to insurers -- it does not underwrite conventional insurance, extend credit, or operate banking, alcohol, gambling, pork, tobacco, or weapons lines (the Energy business was sold in February 2023). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Verisk's FY2025 10-K (fiscal year ended December 31, 2025), total interest-bearing debt was $4,737.2M -- $1,508.9M of short-term debt and current portion of long-term debt plus $3,228.3M of long-term debt (senior notes and finance lease obligations per Note 15). Operating lease liabilities ($26.3M current, $136.9M noncurrent) are not counted as interest-bearing debt. Against a market cap of about $23.23B ($168.38 latest close retrieved October 2, 2026; 137,941,888 shares outstanding per the 10-K cover), debt divided by market cap is about 20.39%, below the ~33% ceiling. Cash and cash equivalents of $2,178.2M are about 9.38% of market cap; no separate short-term investments line is reported. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Verisk's FY2025 10-K income statement separately discloses 'Investment income and others, net' of $13.3M against total revenues of $3,072.7M -- about 0.43% of revenue, far below the 5% non-compliant income ceiling. (The comparable 2024 figure of $95.7M included a one-off $100.6M net gain on settlement of an investment in nonpublic companies per the cash-flow statement; the 2025 figure contains no such item.) Net interest expense of $170.9M is an expense, not income, and does not enter this ratio. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Verisk Analytics do?

Verisk Analytics, Inc. (NASDAQ: VRSK), based in Jersey City, New Jersey, describes itself in its FY2025 10-K as a leading data, analytics, and technology provider serving clients in the insurance ecosystem. It collects and analyzes billions of records, drawing on proprietary data assets, insurance industry knowledge, and technology expertise to deliver predictive analytics and decision-support solutions for rating, underwriting, claims, catastrophe modeling, weather risk, and other fields. It reports a single segment with two business units -- underwriting and claims -- and in 2025 its clients included all of the top 100 U.S. property and casualty insurance providers for the lines it serves. It sold its Energy business (Wood Mackenzie) on February 1, 2023. Verisk supplies data and technology to insurers; it does not underwrite conventional insurance, lend money, or operate banking, alcohol, gambling, pork, tobacco, or weapons lines.

Why does Verisk Analytics pass this Shariah stock screen?

Verisk Analytics passes all three gates of this screen. Gate 1 (business activity): per its FY2025 10-K Item 1, Verisk is a data, analytics, and technology provider to the insurance ecosystem -- it sells analytics and software to insurers, it does not itself underwrite conventional insurance or engage in lending, and it reports no haram segments (no alcohol, gambling, pork, tobacco, or weapons). Gate 2 (debt): interest-bearing debt of $4,737.2M (short-term debt and current portion of long-term debt of $1,508.9M plus long-term debt of $3,228.3M) divided by a market cap of about $23.23B is about 20.39%, below the ~33% ceiling. Gate 3 (non-compliant income): the separately disclosed income-statement line 'Investment income and others, net' of $13.3M is about 0.43% of FY2025 revenue of $3,072.7M, below the 5% ceiling. This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is Verisk Analytics' interest-bearing debt ratio?

Per Verisk's FY2025 10-K (fiscal year ended December 31, 2025, filed February 18, 2026), total interest-bearing debt was $4,737.2M -- $1,508.9M of short-term debt and current portion of long-term debt plus $3,228.3M of long-term debt (senior notes and finance lease obligations per Note 15). Operating lease liabilities ($26.3M current and $136.9M noncurrent) are not counted as interest-bearing debt. Against a market cap of about $23.23B ($168.38 latest close retrieved October 2, 2026; 137,941,888 shares outstanding per the 10-K cover), debt divided by market cap is about 20.39% -- below the ~33% ceiling. Cash and cash equivalents of $2,178.2M are about 9.38% of market cap; the balance sheet reports no separate short-term investments line. Gate 2 passes.

What is Verisk Analytics' non-compliant income ratio?

Verisk's FY2025 10-K income statement separately discloses 'Investment income and others, net' of $13.3M against total revenues of $3,072.7M -- about 0.43% of revenue, far below the 5% non-compliant income ceiling. (The comparable 2024 figure of $95.7M included a one-off $100.6M net gain on settlement of an investment in nonpublic companies per the cash-flow statement; the 2025 $13.3M figure contains no such item.) Net interest expense of $170.9M is an expense, not income, and does not enter this ratio. Gate 3 passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Verisk Analytics?

Zoya covers VRSK and flags it as 'questionable' -- 'not considered halal to invest in' under its AAOIFI methodology (the page's displayed assessment date was blank when accessed in October 2026; it reports no separate interest income for FY2025). Musaffa covers VRSK and classifies it as 'not halal' as of October 2026 under its AAOIFI methodology. ShariaPortfolio had no VRSK coverage found. These third-party positions are honestly reported and differ from this page's PASS result: this page applies the screen directly from Verisk's own FY2025 10-K figures -- a data, analytics, and technology provider to insurers with a 20.39% debt ratio and 0.43% non-compliant income ratio, both under the ceilings. This page applies the screen directly and reports these positions honestly; consult a qualified scholar for personal rulings.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).