What is Ionic Digital Inc. Class A's Shariah compliance score?

Ionic Digital Inc. Class A (IOND) has a Shariah compliance score of 84/100 (Grade: A, Very Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Ionic Digital Inc. Class A pass AAOIFI screening?

Ionic Digital Inc. Class A (IOND) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. IOND's debt-to-market-cap is 0.0%.

How much purification is needed for Ionic Digital Inc. Class A?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Ionic Digital Inc. Class A (IOND) using the latest financial data.

Where can I screen Ionic Digital Inc. Class A for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ionic Digital Inc. Class A (IOND) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Halal

Screened on Oct 7, 2026 · AAOIFI Standard 21

Very Good

84Score

Is Ionic Digital Inc. Class A (IOND) halal? Halal. Based on AAOIFI screening, Ionic Digital Inc. Class A passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 84/100 (Grade: A).

Quote this verdict

HalalScreener rates Ionic Digital Inc. Class A (IOND) Halal, 84/100, grade A under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/IOND

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.0% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own IOND

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened IOND's prohibited income, but the exact share you would need to purify is part of Pro.

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IOND: Is Ionic Digital Inc. Class A Halal?

Ionic Digital Inc. Class A

NASDAQTechnologyUS

$79.15

Market Cap: 3.0B

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About Ionic Digital Inc. Class A

Ionic Digital, Inc. engages in the monetization of its digital infrastructure assets. It operates under the Cryptocurrency Mining Business and the Digital Infrastructure Solutions Business. The company was founded in January 2024 and is headquartered in Washington, DC.

Sector: Technology · Industry: Software - Services

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 7, 2026

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Institutional-grade Shariah analysis

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See why IOND is rated Halal with institutional-grade analysis

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Ionic Digital Inc. Class A (IOND) halal to invest in?

Based on AAOIFI Standard 21 screening, Ionic Digital Inc. Class A (IOND) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Ionic Digital Inc. Class A get a A compliance rating?

Ionic Digital Inc. Class A (IOND) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ionic Digital Inc. Class A's Shariah verdict?

Ionic Digital Inc. Class A's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Ionic Digital Inc. Class A re-screened for Shariah compliance?

Ionic Digital Inc. Class A (IOND) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 7, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.