Is Nasdaq, Inc. (NDAQ) 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 | 100.0% | |
| Operating Margin | 47.6% | |
| Net Margin | 34.1% | |
| Return on Equity (ROE) | 15.3% | |
| Return on Assets (ROA) | 5.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.3B |
| Free Cash Flow | $2.0B |
| Total Debt | $9.5B |
| Debt-to-Equity | 77.9 |
| Current Ratio | 1.0 |
| Total Assets | $31.1B |
Price & Trading
| Last Close | $83.78 |
| 50-Day MA | $88.11 |
| 200-Day MA | $90.58 |
| Avg Volume | 4.5M |
| Beta | 1.0 |
|
52-Week Range
$64.84
| |
About Nasdaq, Inc. (NDAQ)
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
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Frequently Asked Questions
Is Nasdaq, Inc. (NDAQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nasdaq, 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 Nasdaq, Inc.'s debt ratio?
Nasdaq, 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 Nasdaq, Inc.'s key financial metrics?
Nasdaq, Inc. has a market capitalization of $46.5B, trailing P/E ratio of 26.4, and revenue of $8.3B. The company maintains a gross margin of 100.0% and a net margin of 34.1%. Return on equity stands at 15.3%.
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.