What is Jumia Technologies AG's Shariah compliance score?

Jumia Technologies AG (JMIA) has a Shariah compliance score of 57/100 (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: 2.9%), (3) interest-bearing deposits below 30% (JMIA: 19.3%), 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).

JMIA: Is Jumia Technologies AG Halal?

Jumia Technologies AG

NYSEConsumer CyclicalDE

$6.51

-4.96%

Market Cap: 403.1M

Compliance Status

Doubtful

Screened on Jul 17, 2026 · AAOIFI Standard 21

C+

Fair

57Score

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 57/100 (Grade: C+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

2.9% of 30.0% limit

What this means for you

You may own JMIA, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purify 4.9% of your income from JMIA

That is about $4.90 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Jumia Technologies AG

Jumia Technologies AG manages an extensive e-commerce ecosystem, serving a wide geographical footprint that encompasses West, North, East, and Southern Africa, along with Europe, the United Arab Emirates, and other global locations. The company's multifaceted platform integrates three primary services: an online marketplace for connecting vendors with buyers; a dedicated logistics arm responsible for the delivery and shipment of goods from sellers to consumers; and a payment processing system that streamlines financial transactions for users within specific markets. Customers utilizing its marketplace can browse a diverse selection of products, including apparel, beauty and personal care items, household essentials, fast-moving consumer goods, mobile phones, and other electronic devices. Furthermore, the platform offers access to various services such as food delivery from restaurants, mobile credit top-ups, and utility bill payments. Originally incorporated in 2012 under the name Africa Internet Holding GmbH, the company adopted its current identity, Jumia Technologies AG, in January 2019 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 Jul 17, 2026

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.

Fiscal: FY 2025Data source: FMP

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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 2.9% (limit 30%); interest-bearing deposits of 19.3% (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: Jul 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.