Is MORN halal?
Morningstar, Inc.
Halal
Morningstar, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
209.77
Day
+0.25%
Market cap
$7.78B
Industry
Financial Data & Stock Exchanges
Sector
Financial Services
What the company does
Morningstar provides fund and stock research for investors (the star ratings), data platforms (PitchBook, Morningstar Direct) and the DBRS Morningstar credit-rating agency. Its money comes from subscriptions and licenses.
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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.71B ÷ 36-month average market cap $11.16B = 15.3%
15.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $523.80M ÷ 36-month average market cap $11.16B = 4.7%
4.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $11.40M ÷ annual revenue $2.45B (2025) = 0.5%
0.5%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $7.78B.
For information (AAOIFI 3/1 note): cash + receivables are 23.3% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.01% · #472 of 1455
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.96% · purify 0.5% · net 0.95%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $156.02
- Robert VinallRV Capital GmbH$577K0.1%
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Morningstar — investitsiya tadqiqoti + DBRS Morningstar reyting agentligi. MCO/SPGI presedenti bilan bir xil: indeks chiqarishlari ommaviy, fatvo/dalil yo'q, o'zi ham Islamic-overlay indeks chiqaradi
Halal stocks in the same industry
The largest halal stocks in Financial Data & Stock Exchanges — for comparison.
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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.