--- title: "Is CME Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/cme-group-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: CME exchange: NASDAQ last_reviewed: 2026-06-14 data_as_of: 2026-03-31 authorities_with_position: 2 authority_agreement: unanimous --- # Is CME Stock Halal? **Authority consensus:** All 2 halal screening authorities with a published position rate CME Group Inc. not halal. **Verdict: Not Halal** (Not permissible) CME Group Inc. (CME) does not pass Shariah screening: its core business fails the activity screen (FLAGGED: industry "Financial - Data & Stock Exchanges" / sector "Financial Services" pattern-matches a prohibited core b). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence CME Group Inc., through its various subsidiaries, manages international marketplaces for the exchange of futures and options on futures contracts worldwide. Core business: Financial - Data & Stock Exchanges (Financial Services sector) — an activity AAOIFI business-activity screening treats as non-compliant. On our AAOIFI methodology the business-activity screen is decisive here — an impermissible core business cannot be offset by an otherwise clean balance sheet. For completeness, CME Group Inc.'s balance-sheet ratios in fact sit within AAOIFI's financial limits — interest-bearing debt 3.5% of market cap (limit 30%), cash plus interest-bearing securities 2.6% (limit 30%), as of 2026-03-31; but the outcome does not turn on them — because the activity screen fails, CME is non-compliant regardless of where the ratios land. Zoya's public page did not return a clear status when we checked (checked 2026-06-15). Musaffa lists it NOT HALAL. U.S. Shariah ETFs SPUS and HLAL publish holdings on their own schedules — absence from a top-holdings list is not the same as a failed screen; verify current ETF holdings if index validation matters to you. Practical takeaway: do not treat this as a borderline hold — the fail is structural on our methodology. Use Shariah-screened ETFs (SPUS, HLAL) or individually screened peers in the same sector instead. ## Business activity screen Result: Fail CME Group Inc., through its various subsidiaries, manages international marketplaces for the exchange of futures and options on futures contracts worldwide. Its extensive array of product offerings includes futures and options linked to a broad spectrum of underlying assets, such as interest rates, equity indices, foreign exchange, agricultural commodities, energy, and metals, alongside fixed-income products. The company additionally furnishes essential clearinghouse services, which entail the v Core business: Financial - Data & Stock Exchanges (Financial Services sector) — an activity AAOIFI business-activity screening treats as non-compliant. See the analysis below for the revenue detail. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 3.5% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 2.6% | < 30% | Pass | | Impermissible income / total revenue | — | < 5% | Pass | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## Scholars' and screeners' positions - **Musaffa**: Public page classifies the stock NOT HALAL (checked 2026-06-15). ([source](https://musaffa.com/stock/CME/)) - **HalalWallet AAOIFI screen**: Rates CME Group Inc. (CME) non-compliant: it fails the business-activity screen — its core operations fall in a sector AAOIFI screening treats as non-compliant (see the activity description and analysis on this page). ([source](/halal-stock-screening-methodology)) ## Sources - CME latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=CME%20Group%20Inc.&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - CME Group Inc. SEC EDGAR filings (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=CME%20Group%20Inc.&type=10-K) - Zoya — CME Shariah compliance (https://zoya.finance/stocks/cme) - Musaffa — CME (https://musaffa.com/stock/CME/) - SPUS Schedule of Investments reference (2026-02-28) (https://www.sec.gov/Archives/edgar/data/1742912/000200032426001717/spus-soi_022826.htm) - HLAL holdings reference (2026-06-05) (https://stockanalysis.com/etf/hlal/holdings/) ## Frequently asked questions ### Is CME Group Inc. (CME) stock halal? No. CME Group Inc. fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does CME Group Inc. pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 3.5% of market cap (limit < 30%); cash plus interest-bearing securities is 2.6% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is CME Group Inc. held in halal ETFs like SPUS or HLAL? Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses. ## Related verdicts - [Is Palantir Technologies Stock Halal?](https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock.md) — Not Halal - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Affirm Stock Halal?](https://www.halalwallet.ca/is-it-halal/affirm-holdings-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is Alibaba Stock Halal?](https://www.halalwallet.ca/is-it-halal/alibaba-group-holding-limited-stock.md) — Not Halal - [Is Altria Stock Halal?](https://www.halalwallet.ca/is-it-halal/altria-group-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md