Miami International Holdings, Inc.

MIAX: Is Miami International Holdings, Inc. Halal?

Miami International Holdings, Inc.

NYSEFinancial ServicesUS

$42.33

-1.31%

Market Cap: 4.1B

Compliance Status

Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

A+

Excellent

95Score

Is Miami International Holdings, Inc. (MIAX) halal? Halal. Based on AAOIFI screening, Miami International Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 95/100 (Grade: A+).

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

What this means for you

You can own MIAX

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

Purify 0.4% of your income from MIAX

That is about $0.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Miami International Holdings, Inc.

Miami International Holdings, Inc. (MIAX) is a financial services corporation that operates diverse marketplaces through its various subsidiaries, facilitating trading across options, futures, and cash equities. Its extensive options suite encompasses MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire. For U.S. equities, it provides MIAX Pearl Equities. The company's offerings extend to U.S. futures and their corresponding options traded on MIAX Futures, a platform that also facilitates transactions in hard red spring wheat products. Furthermore, MIAX supports international listings via BSX and TISE. Beyond market operation, MIAX also delivers essential post-trade services. This includes comprehensive clearing for U.S. futures and options through MIAX Futures Clearing, alongside its ownership of Dorman Trading. Dorman Trading, a full-service futures commission merchant, provides execution and clearing services for a broad client base, including introducing brokers, retail investors, institutional firms, and professional traders. Established in 2007, Miami International Holdings, Inc. maintains its headquarters in Princeton, New Jersey.

Sector: Financial Services · Industry: Financial - Capital Markets

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is Miami International Holdings, Inc. (MIAX) halal to invest in?
Based on AAOIFI Standard 21 screening, Miami International Holdings, Inc. (MIAX) is rated Halal with a compliance grade of A+ (Excellent). 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 Miami International Holdings, Inc. get a A+ compliance rating?
Miami International Holdings, Inc. (MIAX) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 3.2% (limit 30%); prohibited income of 0.40% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Miami International Holdings, Inc. 's Shariah verdict?
Miami International Holdings, Inc. '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 Miami International Holdings, Inc. re-screened for Shariah compliance?
Miami International Holdings, Inc. (MIAX) 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: Jul 20, 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.