Is Bakkt, Inc. (BKKT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.8% / 30% | 16.3% / 30% | 10.3% / 30% | 0.68% / 5% | ✓ HALAL |
| DJIM | 9.8% / 33% | 16.3% / 33% | 10.3% / 33% | 0.68% / 5% | ✓ HALAL |
| MSCI | 8.7% / 33% | 14.5% / 33% | 9.2% / 33% | 0.68% / 5% | ✓ HALAL |
| S&P | 9.8% / 33% | 16.3% / 33% | 10.3% / 33% | 0.68% / 5% | ✓ HALAL |
| FTSE | 8.7% / 33% | 14.5% / 33% | 9.2% / 50% | 0.68% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -4.3% | |
| Operating Margin | -21.3% | |
| Net Margin | -4.6% | |
| Return on Equity (ROE) | -111.2% | |
| Return on Assets (ROA) | -33.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$21M |
| Free Cash Flow | -$24M |
| Total Debt | $24M |
| Debt-to-Equity | 0.5 |
| Current Ratio | 2.2 |
| Total Assets | $269M |
Price & Trading
| Last Close | $7.97 |
| 50-Day MA | $11.20 |
| 200-Day MA | $15.86 |
| Avg Volume | 1.5M |
| Beta | 6.1 |
|
52-Week Range
$6.81
| |
About Bakkt, Inc. (BKKT)
Bakkt, Inc. engages in digital building financial infrastructure. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves client, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as direct marketing, including email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in New York, New York.
Purification Calculator
As a halal stock with 0.68% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Bakkt, Inc. (BKKT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Bakkt, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Bakkt, Inc.'s debt ratio?
Bakkt, Inc.'s debt ratio is 9.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 8.7%.
Does Bakkt, Inc. require dividend purification?
Yes, Bakkt, Inc. has an impermissible income ratio of 0.68%, which means 0.68% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Bakkt, Inc.'s key financial metrics?
Bakkt, Inc. has a market capitalization of $224M, and revenue of $3.5B. The company maintains a gross margin of -4.3% and a net margin of -4.6%. Return on equity stands at -111.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.