Is Rimini Street, Inc. (RMNI) Halal?

NASDAQ Technology United States $285M
✗ NOT HALAL
Confidence: 90/100
Rimini Street, Inc. (RMNI) is Not Halal under AAOIFI Standard 21. While the debt ratio of 27.4% is acceptable, the cash and interest-bearing securities ratio of 36.1% exceeds the 30% threshold. Rimini Street, Inc. operates in the Technology sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 27.4%
/ 30%
36.1%
/ 30%
42.8%
/ 30%
1.13%
/ 5%
✗ NOT HALAL
DJIM 27.4%
/ 33%
36.1%
/ 33%
42.8%
/ 33%
1.13%
/ 5%
✗ NOT HALAL
MSCI 21.5%
/ 33%
28.4%
/ 33%
33.6%
/ 33%
1.13%
/ 5%
✗ NOT HALAL
S&P 27.4%
/ 33%
36.1%
/ 33%
42.8%
/ 33%
1.13%
/ 5%
✗ NOT HALAL
FTSE 21.5%
/ 33%
28.4%
/ 33%
33.6%
/ 50%
1.13%
/ 5%
✓ HALAL

Financial Highlights

P/E Ratio
8.0
Forward: 5.6
EPS
$0.39
P/B Ratio
-10.5
EV/EBITDA
6.9
EV: $255M
Revenue
$422M
Growth: -3.9%
Beta
1.3
High volatility
Current Ratio
0.9

Profitability

Gross Margin 60.4%
Operating Margin 6.9%
Net Margin 8.8%
Return on Assets (ROA) 5.2%

Cash Flow & Balance Sheet

Operating Cash Flow$60M
Free Cash Flow$56M
Total Debt$91M
Current Ratio0.9
Total Assets$423M

Price & Trading

Last Close$3.21
50-Day MA$3.40
200-Day MA$4.00
Avg Volume337K
Beta1.3
52-Week Range
$2.79
$5.38

About Rimini Street, Inc. (RMNI)

CEO
Mr. Seth A. Ravin
Employees
1,980
Sector
Technology
Industry
Software - Application
Country
United States
Exchange
NASDAQ
Market Cap
$285M
Currency
USD

Rimini Street, Inc. provides enterprise software support, managed services, and Agentic AI ERP solutions. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini Agentic UX, an AI-driven orchestration, automation, and user experience (UX) design to deliver a unified and composable interface for enterprise workflows; Rimini Support, a mission-critical support for Oracle, SAP and VMware applications, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; and Rimini Protect, a suite of personalized software security services and solutions. The company also offers Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems; Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was founded in 2005 and is headquartered in Las Vegas, Nevada.

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Frequently Asked Questions

Is Rimini Street, Inc. (RMNI) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Rimini Street, 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 Rimini Street, Inc.'s debt ratio?

Rimini Street, Inc.'s debt ratio is 27.4% 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 21.5%.

What are Rimini Street, Inc.'s key financial metrics?

Rimini Street, Inc. has a market capitalization of $285M, trailing P/E ratio of 8.0, and revenue of $422M. The company maintains a gross margin of 60.4% and a net margin of 8.8%.

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.