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?
DoubtfulJumia Technologies AG
$6.88
-4.04%
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
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
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.
Purify Your JMIA Dividends
4.9% non-compliant incomeJMIA 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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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.