Is Jumia Technologies AG (JMIA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.2% / 30% | 8.3% / 30% | 2.1% / 30% | 1.05% / 5% | ✓ HALAL |
| DJIM | 1.2% / 33% | 8.3% / 33% | 2.1% / 33% | 1.05% / 5% | ✓ HALAL |
| MSCI | 8.8% / 33% | 58.3% / 33% | 14.5% / 33% | 1.05% / 5% | ✗ NOT HALAL |
| S&P | 1.2% / 33% | 8.3% / 33% | 2.1% / 33% | 1.05% / 5% | ✓ HALAL |
| FTSE | 8.8% / 33% | 58.3% / 33% | 14.5% / 50% | 1.05% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 53.9% | |
| Operating Margin | -17.3% | |
| Net Margin | -32.6% | |
| Return on Equity (ROE) | -109.9% | |
| Return on Assets (ROA) | -24.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$48M |
| Free Cash Flow | -$53M |
| Total Debt | $12M |
| Debt-to-Equity | 45.6 |
| Current Ratio | 1.1 |
| Total Assets | $134M |
Price & Trading
| Last Close | $6.79 |
| 50-Day MA | $9.53 |
| 200-Day MA | $9.26 |
| Avg Volume | 2.5M |
| Beta | 2.5 |
|
52-Week Range
$1.60
| |
About Jumia Technologies AG (JMIA)
Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service with its network of licensed payment service providers and other partners, which facilitates transactions to participants active on the company's platform in selected markets under the Jumia name. Its marketplace offers various products in a range of categories, including phones, electronics, home and living, fashion, beauty, and fast-moving consumer goods. In addition, the company provides logistics and payment gateway services. It serves through consumers, retailers, distributors, and other corporate buyers. The company was formerly known as Africa Internet Holding GmbH and changed its name to Jumia Technologies AG in January 2019. Jumia Technologies AG was incorporated in 2012 and is headquartered in Berlin, Germany.
Purification Calculator
As a halal stock with 1.05% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Jumia Technologies AG (JMIA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Jumia Technologies AG 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 Jumia Technologies AG's debt ratio?
Jumia Technologies AG's debt ratio is 1.2% 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 8.8%.
Does Jumia Technologies AG require dividend purification?
Yes, Jumia Technologies AG has an impermissible income ratio of 1.05%, which means 1.05% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Jumia Technologies AG's key financial metrics?
Jumia Technologies AG has a market capitalization of $826M, and revenue of $189M. The company maintains a gross margin of 53.9% and a net margin of -32.6%. Return on equity stands at -109.9%.
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.