Reliance Global Group, Inc.

EZRA: Is Reliance Global Group, Inc. Halal?

Reliance Global Group, Inc.

NASDAQFinancial ServicesUS

$2.35

-0.42%

Market Cap: 1.3M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Reliance Global Group, Inc. (EZRA) halal? Not Halal. Based on AAOIFI screening, Reliance Global Group, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

338.5% of 30.0% limit

What this means for you

Most scholars advise not holding EZRA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Reliance Global Group, Inc.

Reliance Global Group, Inc. acquires, owns, and manages insurance distribution and technology-oriented businesses in the United States. The company operates RELI Exchange, a business-to-business InsurTech platform and partner network designed to support insurance agents and agencies through technology-enabled tools and operational infrastructure; and 5MinuteInsure.com, a direct-to-consumer InsurTech platform designed to enable consumers to compare, quote, and bind certain insurance products through a streamlined digital interface. It also provides training and mentorship resources to support agent onboarding and business development through its platform; agency services for insurance products in the healthcare, life, bond, auto, and property and casualty sectors; and insurance marketing services. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. The company was incorporated in 2013 and is headquartered in Lakewood, New Jersey.

Sector: Financial Services · Industry: Insurance - Brokers

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Business Activity Screen

Failed

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

  • Prohibited industry: Insurance - Brokers

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Financial Services

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

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$400.96

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$58.55

+0.47%

Sprott Physical Silver Trust
PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

Sprott Physical Gold Trust
PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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Frequently Asked Questions

Is Reliance Global Group, Inc. (EZRA) halal to invest in?
Reliance Global Group, Inc. (EZRA) 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 Reliance Global Group, Inc. get a F compliance rating?
Reliance Global Group, Inc. (EZRA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 338.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Reliance Global Group, Inc.'s Shariah verdict?
Reliance Global Group, 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 Reliance Global Group, Inc. re-screened for Shariah compliance?
Reliance Global Group, Inc. (EZRA) 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: Aug 12, 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.