What is Jumia Technologies AG's Shariah compliance score?

Jumia Technologies AG (JMIA) has a Shariah compliance score of 58/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Jumia Technologies AG pass AAOIFI screening?

Jumia Technologies AG (JMIA) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (JMIA: 2.8%), (3) interest-bearing deposits below 30% (JMIA: 18.4%), and (4) prohibited income below 5% (JMIA: 4.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Jumia Technologies AG stock?

Jumia Technologies AG (JMIA) has a non-permissible income ratio of 4.91%. Muslim investors should purify this percentage of any dividends received and capital gains realized from JMIA shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Jumia Technologies AG for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Jumia Technologies AG (JMIA) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about JMIA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Jumia Technologies AG (JMIA) halal? Doubtful. Based on AAOIFI screening, Jumia Technologies AG passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 58/100 (Grade: C+).

JMIA: Is Jumia Technologies AG Halal?

Doubtful

Jumia Technologies AG

NYSEConsumer CyclicalDE

$6.88

-4.04%

AvoidBorderlineClean

Purify ~4.9% of income

About Jumia Technologies AG

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets. Its marketplace offers various products in a range of categories, such as fashion and apparel, beauty and personal care, home and living, fast moving consumer goods, smartphones, and other electronics, as well as access to various services, including restaurant food delivery, airtime recharge, and utility bills payment services. The company was formerly known as Africa Internet Holding GmbH and changed its name to Jumia Technologies AG in January 2019. Jumia Technologies AG was incorporated in 2012 and is headquartered in Berlin, Germany.

Sector: Consumer Cyclical · Industry: Specialty Retail

Why This Stock Is Doubtful

Non-compliant income is 4.9% of revenue, only 0.1 points below the 5% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

C+

Fair

Some financial ratios approaching limits

58Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap2.8% / 30.0%

Compliance History

Doubtful, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your JMIA Dividends

4.9% non-compliant income

JMIA has 4.9% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

426.1M

Price

$6.88

Sector

Consumer Cyclical

Industry

Specialty Retail

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Frequently Asked Questions

Is Jumia Technologies AG (JMIA) halal to invest in?

Jumia Technologies AG (JMIA) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Jumia Technologies AG get a C+ compliance rating?

Jumia Technologies AG (JMIA) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.8% (limit 30%); interest-bearing deposits of 18.4% (limit 30%); prohibited income of 4.91% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Jumia Technologies AG's Shariah verdict?

Jumia Technologies AG'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 Jumia Technologies AG re-screened for Shariah compliance?

Jumia Technologies AG (JMIA) 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 17, 2026.

Screened according to AAOIFI Standard No. 21 · 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.