Is MARA Holdings, Inc. (MARA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 48.0% | |
| Operating Margin | -598.8% | |
| Net Margin | -144.6% | |
| Return on Equity (ROE) | -34.5% | |
| Return on Assets (ROA) | -9.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$803M |
| Free Cash Flow | -$1.2B |
| Total Debt | $3.6B |
| Debt-to-Equity | 104.8 |
| Current Ratio | 1.3 |
| Total Assets | $7.3B |
Price & Trading
| Last Close | $8.58 |
| 50-Day MA | $8.84 |
| 200-Day MA | $13.78 |
| Avg Volume | 45.3M |
| Beta | 5.4 |
|
52-Week Range
$6.66
| |
About MARA Holdings, Inc. (MARA)
MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.
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Frequently Asked Questions
Is MARA Holdings, Inc. (MARA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MARA Holdings, Inc. 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 MARA Holdings, Inc.'s debt ratio?
MARA Holdings, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are MARA Holdings, Inc.'s key financial metrics?
MARA Holdings, Inc. has a market capitalization of $3.0B, and revenue of $907M. The company maintains a gross margin of 48.0% and a net margin of -144.6%. Return on equity stands at -34.5%.
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.