Is FRMM (FRMM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.3% / 30% | 8.3% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.3% / 33% | 8.3% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 1.2% / 33% | 35.9% / 33% | 0.3% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.3% / 33% | 8.3% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 1.2% / 33% | 35.9% / 33% | 0.3% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -5364.6% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -96.5% | |
| Return on Assets (ROA) | -27.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Total Debt | $154,505 |
| Debt-to-Equity | 122.8 |
| Current Ratio | 10.1 |
| Total Assets | $13M |
Price & Trading
| Last Close | $2.85 |
| 50-Day MA | $3.63 |
| 200-Day MA | $15.83 |
| Avg Volume | 564K |
| Beta | 1.0 |
|
52-Week Range
$2.61
| |
About FRMM (FRMM)
Forum Markets, Incorporated, doing business as Forum, operates a technology company focused on Ethereum-based infrastructure for the tokenization of real-world assets. The company develops platforms that enable the conversion of illiquid, institutional-grade assets into blockchain-based financial instruments using Ethereum Layer 2 protocols. It bridges traditional finance and blockchain technology by supporting regulated access, scalability, and efficiency in asset tokenization. Forum Markets, Incorporated was formerly known as ETHZilla Corporation and changed its name to Forum Markets, Incorporated in February 2026. The company is headquartered in Palm Beach, Florida.
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Frequently Asked Questions
Is FRMM (FRMM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FRMM is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FRMM's debt ratio?
FRMM's debt ratio is 0.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 1.2%.
What are FRMM's key financial metrics?
FRMM has a market capitalization of $51M. Return on equity stands at -96.5%.
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.