Siebert Financial Corp.

SIEB: Is Siebert Financial Corp. Halal?

Siebert Financial Corp.

NASDAQFinancial ServicesUS

$2.08

-1.42%

Market Cap: 85.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Siebert Financial Corp. (SIEB) halal? Not Halal. Based on AAOIFI screening, Siebert Financial Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

4.8% of 30.0% limit

What this means for you

Most scholars advise not holding SIEB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Siebert Financial Corp.

Siebert Financial Corp., operating through its various subsidiaries, functions as a financial services firm that specializes in providing retail discount brokerage and investment advisory services to clients across the United States and internationally. The company's extensive array of offerings includes platforms for self-directed trading, comprehensive wealth management solutions, and personalized financial guidance. It also facilitates investments in fixed income securities, offers market making capabilities, provides share borrowing and lending services, and administers equity compensation plans. Furthermore, Siebert supports independent retail trade execution and delivers dedicated customer support. Clients have access to self-directed retirement accounts and can secure loans backed by a percentage of their eligible securities holdings. Complementing its core services, the company utilizes a robust data technology platform. This infrastructure delivers a suite of essential tools, such as secure email and messaging, access to market data systems, integration with third-party trading platforms, business productivity applications, and advanced customer relationship management (CRM) systems. Siebert also offers a Robo-Advisor platform, which provides an automated solution for wealth management. Beyond investments, Siebert extends its services to include a diverse portfolio of insurance products. These offerings encompass fixed annuities, personal insurance, property and casualty insurance, natural disaster coverage, and life and disability policies. Maintaining a physical presence through 12 branch offices throughout the United States, Siebert Financial Corp. was established in 1934 and is headquartered in New York, New York.

Sector: Financial Services · Industry: Financial - Capital Markets

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not 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

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Siebert Financial Corp. (SIEB) halal to invest in?
Siebert Financial Corp. (SIEB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Siebert Financial Corp. get a F compliance rating?
Siebert Financial Corp. (SIEB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Siebert Financial Corp.'s Shariah verdict?
Siebert Financial Corp.'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 Siebert Financial Corp. re-screened for Shariah compliance?
Siebert Financial Corp. (SIEB) 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: Aug 26, 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.