Riot Platforms, Inc. (RIOT) - Questionable
Riot Platforms, Inc. (RIOT) is classified as Questionable 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
- Capital Markets
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Capital Markets" 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: 18.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 16.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 2.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.16%.Based on the company's financial statements, approximately 2.16% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.16% of total income). Some scholars may differ on the exact calculation method.
About Riot Platforms, Inc.
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. It operates in two segments, Bitcoin Mining and Engineering. The company offers comprehensive and critical infrastructure for bitcoin mining and data center services at its facilities. The company also designs and manufactures power distribution equipment and engineered-to-order electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale industrial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.
Frequently Asked Questions
Is Riot Platforms, Inc. (RIOT) stock halal to invest in?
According to AAOIFI Shariah screening standards, Riot Platforms, Inc. (RIOT) is currently classified as Questionable. This is based on both business activity and financial ratio screening.

