Is JMIA halal?
Jumia Technologies AG
Halal
Jumia Technologies AG passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
5.83
Day
-4.58%
Market cap
$762.9M
Industry
Internet Retail
Sector
Consumer Cyclical
What the company does
Jumia is Africa's largest online marketplace (Nigeria, Egypt, Morocco, Kenya): electronics, fashion and home goods, with its own logistics and the JumiaPay payment service. Its money comes from product sales and commissions.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $13.93M ÷ current market cap $762.87M = 1.8%
1.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $48.28M ÷ current market cap $762.87M = 6.3%
6.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $1.99M ÷ annual revenue $188.93M (2025) = 1.1%
1.1%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 64.5% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #930 of 1455
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Jumia — Afrika e-commerce marketpleysi (aralash chakana). AMZN bilan bir mantiq
Halal stocks in the same industry
The largest halal stocks in Internet Retail — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.