Is Reliance Global Group, Inc. (EZRA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | -20.0% | |
| Operating Margin | -52.8% | |
| Net Margin | -56.2% | |
| Return on Equity (ROE) | -148.3% | |
| Return on Assets (ROA) | -36.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $6M |
| Debt-to-Equity | 99.3 |
| Current Ratio | 1.8 |
| Total Assets | $14M |
Price & Trading
| Last Close | $0.16 |
| 50-Day MA | $0.24 |
| 200-Day MA | $0.82 |
| Avg Volume | 16.8M |
| Beta | 0.0 |
|
52-Week Range
$0.15
| |
About Reliance Global Group, Inc. (EZRA)
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. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
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Frequently Asked Questions
Is Reliance Global Group, Inc. (EZRA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Reliance Global Group, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Reliance Global Group, Inc.'s debt ratio?
Reliance Global Group, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Reliance Global Group, Inc.'s key financial metrics?
Reliance Global Group, Inc. has a market capitalization of $4M, and revenue of $12M. The company maintains a gross margin of -20.0% and a net margin of -56.2%. Return on equity stands at -148.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.