Is Japan Exchange Group (8697.T) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Japan Exchange Group (8697.T) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its business description mentions futures and options trading, but it doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 21 September 2026.
Japan Exchange Group needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 2.85% | Pass |
| Cash and interest-bearing investments | 30% | 14.93% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 0.42% | Pass |
Key Findings & Observations
- Its business description mentions futures and options trading, but it doesn’t report how much of its revenue that is.Source: Business check
- The prohibited income test couldn’t be settled: The share of revenue from futures and options trading isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Japan Exchange Group, Inc. (8697.T)
Is Japan Exchange Group (8697.T) stock halal?▾
Not settled. Japan Exchange Group (8697.T) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its business description mentions futures and options trading, but it doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 21 September 2026.
What is Japan Exchange Group's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Japan Exchange Group's ratio is about 2.9%.
How much dividend purification is required for Japan Exchange Group (8697.T) stock?▾
No purification is required for Japan Exchange Group based on its latest annual report.
Does Japan Exchange Group operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Japan Exchange Group's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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