Is MITEK SYSTEMS INC (MITK) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23.4% / 30% | 29.1% / 30% | 7.5% / 30% | 2.09% / 5% | ✓ HALAL |
| DJIM | 23.4% / 33% | 29.1% / 33% | 7.5% / 33% | 2.09% / 5% | ✓ HALAL |
| MSCI | 33.8% / 33% | 42.0% / 33% | 10.8% / 33% | 2.09% / 5% | ✗ NOT HALAL |
| S&P | 23.4% / 33% | 29.1% / 33% | 7.5% / 33% | 2.09% / 5% | ✓ HALAL |
| FTSE | 33.8% / 33% | 42.0% / 33% | 10.8% / 50% | 2.09% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 84.3% | |
| Operating Margin | 13.5% | |
| Net Margin | 8.7% | |
| Return on Equity (ROE) | 7.4% | |
| Return on Assets (ROA) | 3.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $55M |
| Free Cash Flow | $54M |
| Total Debt | $155M |
| Debt-to-Equity | 69.3 |
| Current Ratio | 1.2 |
| Total Assets | $459M |
Price & Trading
| Last Close | $13.70 |
| 50-Day MA | $12.68 |
| 200-Day MA | $10.44 |
| Avg Volume | 774K |
| Beta | 1.0 |
|
52-Week Range
$6.93
| |
About MITEK SYSTEMS INC (MITK)
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution. It also provides IDLive Face, a passive face liveness detection; IDLive Doc, a document liveness detection; and IDLive Voice, an anti-spoofing voice liveness. The company was incorporated in 1986 and is based in San Diego, California.
Purification Calculator
As a halal stock with 2.09% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MITEK SYSTEMS INC (MITK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MITEK SYSTEMS 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 MITEK SYSTEMS INC's debt ratio?
MITEK SYSTEMS INC's debt ratio is 23.4% 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 33.8%.
Does MITEK SYSTEMS INC require dividend purification?
Yes, MITEK SYSTEMS INC has an impermissible income ratio of 2.09%, which means 2.09% 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 MITEK SYSTEMS INC's key financial metrics?
MITEK SYSTEMS INC has a market capitalization of $594M, trailing P/E ratio of 37.4, and revenue of $180M. The company maintains a gross margin of 84.3% and a net margin of 8.7%. Return on equity stands at 7.4%.
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.