Is Remitly Global Inc (RELY) halal? Shariah screening

NON COMPLIANT

Screened under AAOIFI Shari'ah Standard No. 21

Business Activity Screening

StatusFailed

Halal Revenue0%

Minimum 95% required

Concerns:

Conventional financial services

Financial Ratio Screening

Interest-bearing debt / Market CapFILED0.1%

Limit 30% · Filed financial statements

Impermissible income / RevenueFILED0.4%

Limit 5% · Filed financial statements

Cash & interest-bearing assets / Market CapFILED13.2%

Limit 30% · Filed financial statements

Receivables / Market Cap—

Insufficient data · Limit 45%

Dividend Purification

Purification Ratio

0.39%

Per $100 dividend received,

donate $0.39 to charity

This ratio represents the portion of dividends derived from non-permissible income that should be purified through charitable donation.

Disclaimer

This Shariah screening is based on publicly available financial data and AAOIFI standards. For investment decisions, please consult with a qualified Shariah scholar or your financial advisor. Screening results may vary based on data availability and interpretation.

Last updated: 11 Oct 2026

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Is Remitly Global Inc halal to invest in?

Not compliant

The three AAOIFI tests

Interest-bearing debt

Cash & interest-bearing assets

Impermissible income

Business activity

NON COMPLIANT

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NON COMPLIANT

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