CME Group

CME stock is not Shariah-compliant

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About CME Group (CME)

CME Group Inc. is a global company that operates contract markets for trading futures and options on futures contracts. The company offers a wide range of financial products based on various assets, including interest rates, equity indexes, and commodities, while also providing clearing house services and market data services. Founded in 1898 and headquartered in Chicago, CME Group serves a diverse client base including professional traders, financial institutions, and governments.

الأسئلة المتداولة

Is CME Group (CME) stock halal to invest in?
As of , CME is not Shariah-compliant and therefore considered halal to invest in. This assessment is based on the data available in CME Group's most recent financial reports.
As of , CME is not Shariah-compliant and therefore not considered halal to invest in. This assessment is based on the data available in CME Group's most recent financial reports.
As of , CME is flagged as not Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of CME Group's business that require careful consideration.
Does CME Group have any interest income?
Yes, CME Group does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, CME Group reported revenue of 5578900000 and interest income of 5275300000. The interest income represents 48.6% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, CME Group has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, CME Group reported total revenue of 5578900000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if CME Group stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is CME Group stock reviewed for Shariah compliance?
The Shariah compliance status of CME Group stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on CME Group's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of CME, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from CME Group stock considered halal?
Yes, dividends from CME are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for CME Group (CME), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from CME are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my CME Group shares?
If you hold CME Group stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy CME Group (CME) stock on Zoya

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