Is MTC halal?
MMTec, Inc.
Not halal
MMTec, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
6.07
Day
+11.38%
Market cap
$495.9M
Industry
Capital Markets
Sector
Financial Services
What the company does
MMTec (Hong Kong) provides securities-trading and fund-management software for financial institutions plus introducing-broker and investment-banking services. Money comes from software and service fees; revenue is tiny.
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 $3.05M ÷ 36-month average market cap $146.66M = 2.1%
2.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $6.51M ÷ 36-month average market cap $146.66M = 4.4%
4.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $1.59M ÷ annual revenue $808K (2025) = 197.5%
197.5%
Fail
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: $495.95M.
For information (AAOIFI 3/1 note): cash + receivables are 44.5% of total assets (2025-12-31). 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
- Held by funds
- Not held by any tracked fund
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- 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?
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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.