Primary business test
IBKR's primary business is not in a category AAOIFI Standard 21 excludes (industry: Investment - Banking & Investment Services).
AAOIFI Standard 21 verdict · auto-updated daily
Is IBKR halal? AAOIFI verdict for Interactive Brokers Group, Inc.
IBKR
Interactive Brokers Group, Inc.
Financial ServicesInvestment - Banking & Investment Services$139.9B
Under AAOIFI Standard 21 as applied by invest-like.com, Interactive Brokers Group, Inc. (IBKR) is currently classified as Shariah-compliant. The stock passes the activity screen (primary business not in a prohibited category) and the financial-ratio screen (interest-bearing debt ratio below 30 percent of market cap).
Interest-bearing debt ratio: 0.0% (AAOIFI threshold: < 30%)
Test-by-test breakdown
How IBKR performs on each of the AAOIFI Standard 21 tests applied by invest-like.com.
Pass
Interest-bearing debt ratio
Threshold: < 30% for compliant. 30 - 40% for borderline. ≥ 40% for non-compliant. IBKR is currently at 0.0%.
Non-permissible income
Threshold: income from haram sources must be below 5 percent of total income. In v1 invest-like.com only applies this test when the company discloses revenue at the product-segment level (mostly retailers and conglomerates). For hotels, travel, and entertainment companies with bundled segments, we use ticker-level overrides. No segment-level non-permissible income detected for IBKR in the latest filing.
Liquid assets ratio (test 4)
Threshold: (cash + interest-bearing securities + receivables) / market cap must be below 30 percent. This test is documented in AAOIFI Standard 21 but is not automated in v1 - it requires cash + AR + total-assets data we do not yet have consistently across the indexed universe. On the roadmap.
Cross-graded quality
Halal-eligible alone is not enough; halal investing layered onto value-investing discipline is the institutional Muslim-investor approach.
Buffett-Fit composite
A
73/100
Interactive Brokers compounds revenue at 36.6% with 86.7% operating margins, but management dilutes shareholders 4.3% per year and the bank-like balance sheet defies Buffett-style scrutiny.
Questions about IBKR's halal status
Is IBKR (Interactive Brokers Group, Inc.) halal?
Under AAOIFI Standard 21 as applied by invest-like.com, Interactive Brokers Group, Inc. (IBKR) is currently classified as Shariah-compliant. The verdict is computed mechanically from public fundamentals (industry classification + interest-bearing debt ratio + non-permissible income where data is available) and refreshes quarterly. The reasoning behind the current verdict: the company passed both the AAOIFI activity screen and the 30 percent interest-bearing debt threshold. Specific scholars or madhhabs may differ; the screen is a starting point, not a fatwa.
What is IBKR's interest-bearing debt ratio?
IBKR's trailing interest-bearing debt to market capitalisation ratio is 0.0%. AAOIFI Standard 21 requires this to be below 30 percent for full Shariah compliance. Above 30 percent puts the stock in the borderline zone; above 40 percent is non-compliant on the financial-ratio test alone.
How was IBKR's halal status determined?
invest-like.com runs every indexed stock through a programmatic AAOIFI Standard 21 implementation at each quarterly refresh. The procedure: (1) classify the company's primary business via its FMP industry string and check against the AAOIFI exclusion list, (2) compute the trailing interest-bearing debt ratio against market cap, (3) where segment data is available, compute the non-permissible income ratio. The verdict for IBKR reflects this mechanical run; full methodology is published at /methodology/halal/.
All halal stocks
/halal/
The full AAOIFI-compliant universe with methodology + top picks.
Full methodology
/methodology/halal/
How every test, threshold, and ticker override is computed.
Full IBKR analysis
/buffett/ibkr/
5-pillar Buffett-Fit verdict + 7-framework consensus + fundamentals.
The invest-like.com halal screen is a mechanical implementation of AAOIFI Standard 21 against current public fundamentals. It is a structured filter, not a fatwa. If your local scholar or madhhab has different guidance, follow that guidance - the screen is a starting point, not a final ruling. Educational only. Not investment advice.