Is Cipher Mining Inc. (CIFR) halal? Doubtful. Based on AAOIFI screening, Cipher Mining Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 76/100 (Grade: B+).
CIFR β Is Cipher Mining Inc. Halal?
DoubtfulCipher Mining Inc.
$26.29
+9.50%
About Cipher Mining Inc.
Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.
Sector: Financial Services Β· Industry: Financial - Capital Markets
Why This Stock Is Doubtful
- Debt is 25.2% of market cap β only 4.8 points below the 30% AAOIFI limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Good
Good compliance with minor concerns
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Doubtful β unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your CIFR Dividends
0.4% non-compliant incomeCIFR has 0.4% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
10.8B
Price
$26.29
Sector
Financial Services
Industry
Financial - Capital Markets
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.