CME Group Inc. (CME) - Not Halal (Non-Compliant)
CME Group Inc. (CME) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Financial Data & Stock Exchanges" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 3.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 67.4% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 67.40%.Based on the company's financial statements, approximately 67.40% of dividend income should be donated to charity for purification. This is derived from identified interest income (67.40% of total income). Some scholars may differ on the exact calculation method.
About CME Group Inc.
CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, and foreign exchange; and agricultural, energy, and metals commodities, as well as fixed income and foreign currency trading services. The company provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. CME Group Inc. partners with FutureSports to futures on sports indexes. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. The company was founded in 1898 and is headquartered in Chicago, Illinois.