Is Magnite, Inc. (MGNI) halal? Doubtful. Based on AAOIFI screening, Magnite, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 31/100 (Grade: C-).
MGNI β Is Magnite, Inc. Halal?
DoubtfulMagnite, Inc.
$14.85
-3.45%
About Magnite, Inc.
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Sector: Communication Services Β· Industry: Advertising Agencies
Why This Stock Is Doubtful
- Debt is 26.1% of market cap β only 3.9 points below the 30% AAOIFI limit
- Interest-bearing deposits are 26.0% of market cap β only 4.0 points below the 30% 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
Borderline
Borderline compliance β monitor closely
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.
- β’Advertising Agencies: estimated 3.0% peripheral exposure (AAOIFI industry average)
Use the Purification Calculator to compute exactly how much of your dividend income to donate.
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Doubtfulnow
since Jun 2026
Not Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your MGNI Dividends
2.1% non-compliant incomeMGNI has 2.1% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
2.1B
Price
$14.85
Sector
Communication Services
Industry
Advertising Agencies
More Communication Services Stocks
Track MGNI and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
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.