Is MediaAlpha, Inc. (MAX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23.1% / 30% | 7.1% / 30% | 18.5% / 30% | 12.15% / 5% | ✗ NOT HALAL |
| DJIM | 23.1% / 33% | 7.1% / 33% | 18.5% / 33% | 12.15% / 5% | ✗ NOT HALAL |
| MSCI | 40.0% / 33% | 12.2% / 33% | 32.1% / 33% | 12.15% / 5% | ✗ NOT HALAL |
| S&P | 23.1% / 33% | 7.1% / 33% | 18.5% / 33% | 12.15% / 5% | ✗ NOT HALAL |
| FTSE | 40.0% / 33% | 12.2% / 33% | 32.1% / 50% | 12.15% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.0% | |
| Operating Margin | 7.7% | |
| Net Margin | 2.3% | |
| Return on Assets (ROA) | 15.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $66M |
| Free Cash Flow | $65M |
| Total Debt | $153M |
| Current Ratio | 1.2 |
| Total Assets | $384M |
Price & Trading
| Last Close | $9.59 |
| 50-Day MA | $9.55 |
| 200-Day MA | $11.06 |
| Avg Volume | 840K |
| Beta | 1.4 |
|
52-Week Range
$7.09
| |
About MediaAlpha, Inc. (MAX)
MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. Its technology platform offers end customer acquisition for insurance carriers, agents, distributors, and other clients in a range of verticals, including property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.
Related Halal Stocks in Communication Services
Frequently Asked Questions
Is MediaAlpha, Inc. (MAX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MediaAlpha, 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 MediaAlpha, Inc.'s debt ratio?
MediaAlpha, Inc.'s debt ratio is 23.1% 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 40.0%.
What are MediaAlpha, Inc.'s key financial metrics?
MediaAlpha, Inc. has a market capitalization of $595M, trailing P/E ratio of 23.3, and revenue of $1.1B. The company maintains a gross margin of 15.0% and a net margin of 2.3%.
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.