Is Dubai Financial Market (DFM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| DJIM | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| MSCI | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| S&P | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| FTSE | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 97.7% | |
| Operating Margin | 67.1% | |
| Net Margin | 118.2% | |
| Return on Equity (ROE) | 10.8% | |
| Return on Assets (ROA) | 3.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $704M |
| Free Cash Flow | $696M |
| Total Debt | $32M |
| Debt-to-Equity | 0.4 |
| Current Ratio | 2.1 |
| Total Assets | $11.8B |
Price & Trading
| Last Close | AED 1.41 |
| 50-Day MA | AED 1.59 |
| 200-Day MA | AED 1.64 |
| Avg Volume | 3.6M |
| Beta | 0.2 |
|
52-Week Range
AED 1.16
| |
About Dubai Financial Market (DFM)
Dubai Financial Market P.J.S.C. provides investors and market participants with products and services for trading, clearing, settlement, and depository of securities. It offers equities, derivatives / futures, sukuk / bonds, real estate investment trusts, exchange traded funds and funds, indices, union coop lists, and carbon credits. The company also provides iVESTOR, a digital platform for investors to access dividends, invest in IPOs, track portfolios, and manage spending; and DFM mobile app for investor tools and market data. In addition, it is involved in trading in financial instruments, financial investment consultancy, as well provide brokerage services to local and foreign shares and bonds, and act as a commercial, industrial, and agricultural holding and trust company. The company was founded in 2000 and is based in Dubai, the United Arab Emirates. Dubai Financial Market P.J.S.C. is a subsidiary of Borse Dubai Limited.
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Frequently Asked Questions
Is Dubai Financial Market (DFM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Dubai Financial Market is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Dubai Financial Market's debt ratio?
Dubai Financial Market's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Dubai Financial Market's key financial metrics?
Dubai Financial Market has a market capitalization of $11.2B, trailing P/E ratio of 11.7, and revenue of $807M. The company maintains a gross margin of 97.7% and a net margin of 118.2%. Return on equity stands at 10.8%.
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.