IBKR
Interactive Brokers Group
Is IBKR Halal?
Brokerage with significant margin lending and interest income.
What You Should Know
Interactive Brokers operates electronic brokerage, margin lending and securities lending. Its March 31, 2026 Form 10-Q reports $218,749 million of assets, $12 million of short-term borrowings, $5,085 million of cash, $51,837 million of identifiable interest-bearing securities, $103,284 million of financing receivables and $1,669 million of quarterly net revenue. Debt/assets is 0.01%, liquidity/assets is 26.02%, receivables-plus-cash/assets is 49.54% and disclosed interest income is 116.66% of revenue; FTSE and MSCI screens fail and the conventional brokerage core is non-compliant.
⚠️ Concerns
- •Interest income exceeds quarterly net revenue on a gross basis
- •Receivables-plus-cash/assets 49.54% exceeds examined MSCI limits
- •Facilitates leveraged trading and short selling
- •Interest-based business model
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
12 / 218,749
56,922 / 218,749
108,369 / 218,749
1,947 / 1,669
- Financial
- Fails
- Overall
- Fails
Debt/assets is 0.01%, liquidity/assets is 26.02%, receivables-plus-cash/assets is 49.54% and interest income is 116.66% of revenue; the brokerage and margin-lending core also fails.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 49.54%, above the examined MSCI total-assets limit; the brokerage and margin-lending business fails independently.
- Financial
- Pass
- Overall
- Fails
Debt/assets and liquidity/assets are below the examined Malaysia limits, but the conventional brokerage and margin-lending core fails; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
Market-cap methods are not calculated; the direct financial-services business independently prevents a pass.
Business-activity disclosure
Interactive Brokers operates electronic brokerage, margin lending, securities lending and related financial services. Interest income from margin loans and customer balances is a central revenue stream.
Limitation: The filing reports net interest income and customer financing in detail but does not provide a scholar-approved permissible carve-out; the conventional brokerage and lending core independently fails.
Purification
Interactive Brokers discloses $1,947 million of interest income, but purification cannot cure a direct core-business failure.
Inputs, assumptions and primary sources
- Amounts are USD millions from Interactive Brokers Group's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $12 million of short-term borrowings; customer payables and securities-loaned liabilities are client/settlement balances rather than corporate debt.
- Cash is $5,085 million. Securities segregated for regulatory purposes of $41,889 million and securities purchased under agreements to resell of $9,948 million are used as identifiable interest-bearing securities; mixed trading inventory is excluded.
- Accounts receivable include customers, brokers/dealers, interest receivable and securities borrowed, totaling $103,284 million; quarterly net revenue is $1,669 million and interest income is $1,947 million.
- Margin lending, securities lending and interest-based brokerage are treated as a direct business-activity failure; this is not an official classification.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →