Lion Group Holding Ltd

LGHL

Not Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Financials
Singapore
Micro cap

Lion Group Holding Ltd is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.

79.57%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-334.54%
0.00%
0.00%
0.00
0.00
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
100%
✗
Non-Compliant Assets
✓
Impure Income
79.57%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
36.26%
✗
Impure Income
79.57%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
79.57%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
12.72%
✓
Cash
46.56%
✗
Cash & AR
49.44%
✓
Impure Income
79.57%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
12.72%
✓
Cash
46.56%
✗
Cash & AR
49.44%
✗
Impure Income
79.57%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
79.57%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Lion Group Holding Ltd. provides investor-focused trading platforms. The Company’s business includes securities, futures, derivatives, and currency exchange. It has four segments: the futures and securities brokerage segment generate commission income by enabling customers to trade in futures and securities markets throughout the world. It engages in market making (Contract for Difference (CFD) trading segment) activities where it serves as the counterparty to its customers in derivative transactions. The Total Return Swap (TRS) trading segment business includes securities trading and loans to customers. The Over-the-Counter (OTC) stock option trading segment serves as the counterparty in option contracts. Other businesses include insurance brokerage; proprietary trading in investment securities, futures, and derivatives; sale and development of Non-Fungible Tokens (NFT) platforms and Metaverse games; cryptocurrency mining, and executive management functions and corporate overhead.

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