Is MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) 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 | 31.6% | |
| Operating Margin | 10.2% | |
| Net Margin | -5.1% | |
| Return on Equity (ROE) | -11.2% | |
| Return on Assets (ROA) | 5.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $168M |
| Free Cash Flow | $133M |
| Total Debt | $8M |
| Debt-to-Equity | 2.8 |
| Current Ratio | 2.5 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $38.31 |
| 50-Day MA | $40.96 |
| 200-Day MA | $41.66 |
| Avg Volume | 1.3M |
|
52-Week Range
$28.63
| |
About MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S. futures and options on futures through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. In addition, it offers financial markets and securities services to public and private companies. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey.
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Frequently Asked Questions
Is MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MIAMI INTERNATIONAL 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 MIAMI INTERNATIONAL HOLDINGS, INC.'s debt ratio?
MIAMI INTERNATIONAL 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 MIAMI INTERNATIONAL HOLDINGS, INC.'s key financial metrics?
MIAMI INTERNATIONAL HOLDINGS, INC. has a market capitalization of $3.5B, and revenue of $1.4B. The company maintains a gross margin of 31.6% and a net margin of -5.1%. Return on equity stands at -11.2%.
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.