Is Nomura Holdings, Inc. (NMR) halal? Not Halal. Based on AAOIFI screening, Nomura Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Nomura Holdings, Inc.

NMR: Is Nomura Holdings, Inc. Halal?

Not Halal

Nomura Holdings, Inc.

NYSEFinancial ServicesJP

$8.69

+2.00%

About Nomura Holdings, Inc.

Nomura Holdings, Inc., a financial powerhouse headquartered in Tokyo, Japan, and established in 1925, delivers a comprehensive array of financial services on a global scale. Its diverse clientele spans individuals, corporations, financial institutions, and governmental bodies. The company's operations are structured into three principal divisions: Retail, Investment Management, and Wholesale. Within its Retail segment, Nomura offers a variety of financial products and investment services to individual customers, facilitated by a network of 119 branches as reported on March 31, 2022. The Investment Management division focuses on overseeing various funds, including investment trusts and other investment vehicles, in addition to providing advisory, custodial, and administrative support for investments. Nomura's Wholesale arm engages in extensive activities, encompassing research, sales, trading, agency execution, and market-making for both fixed income and equity-linked instruments. This segment also plays a significant role in underwriting a broad spectrum of securities鈥攔anging from diverse share classes and convertible instruments to investment-grade, high-yield, sovereign, and emerging market debts, as well as structured products and other financial assets. Beyond underwriting, it orchestrates capital-raising initiatives, including private placements, and delivers expert financial advisory services for complex business transactions such as mergers, acquisitions, divestitures, spin-offs, capital restructuring, corporate defense, leveraged buyouts, and risk mitigation strategies. Moreover, this division makes various financial instruments available to its clients. Historically, the firm was known as The Nomura Securities Co., Ltd., before officially changing its name to Nomura Holdings, Inc. in October 2001.

Sector: Financial Services 路 Industry: Financial - Capital Markets

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap68108.0% / 30.0%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: FY 2026Source: FMP

Financial Overview

Market Cap

25.4B

Price

$8.69

Sector

Financial Services

Industry

Financial - Capital Markets

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Nomura Holdings, Inc. (NMR) halal to invest in?
Nomura Holdings, Inc. (NMR) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Nomura Holdings, Inc. get a F compliance rating?
Nomura Holdings, Inc. (NMR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 68108.0% (limit 30%); interest-bearing deposits of 19719.9% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Nomura Holdings, Inc.'s Shariah verdict?
Nomura Holdings, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Nomura Holdings, Inc. re-screened for Shariah compliance?
Nomura Holdings, Inc. (NMR) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.