Is ICE halal?
Intercontinental Exchange Inc.
Not halal
Intercontinental Exchange Inc. did not pass AAOIFI screening. The failed check is shown below.
Exchange
NYSE
Price
159.68
Day
+0.80%
Market cap
—
Industry
—
Sector
—
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Conventional exchange + mortgage technology (riba)
What the company does
Intercontinental Exchange owns the New York Stock Exchange, energy and interest-rate derivatives exchanges, financial data, and mortgage technology (Black Knight/Encompass — most US mortgages run on it). Its money comes from trading fees, data subscriptions and mortgage software.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Conventional exchange + mortgage technology (riba)
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
—
No data
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- 0.13% weight · #130 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 5 superinvestors · Average reported price: $118.08
- Ruane Cunniff LP$315.3M4.9%
- Bill NygrenOakmark Funds$2.2B3.0%
- AKO Capital$124K2.9%
- William Von MuefflingCantillon Capital Management$16.7M2.5%
- Viking Global Investors$341.9M1.0%
Related articles
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.