As of August 2026, LM Funding America Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
LM Funding America Inc. Stock Analysis LMFA
United States Information Technology Nano Cap
LM Funding America, Inc. is a technology-based specialty finance company, which engages in the provision of funding to non-profit community associations. The company is headquartered in Tampa, Florida and currently employs 16 full-time employees. The company went IPO on 2015-12-08. The company has two reportable segments: Specialty Finance and Mining Operations. Its Bitcoin mining business operation deploys the computing power to mine Bitcoin and validate transactions on the Bitcoin network. Its specialty finance business offers funding to nonprofit community associations (Associations) located in the state of Florida. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The company also purchases accounts on varying terms to suit each Association’s financial needs, including under its New Neighbor Guaranty program. In its New Neighbor Guaranty program, an Association assigns substantially all of its outstanding indebtedness and accruals on its delinquent units to the Company in exchange for payment of monthly dues on delinquent units.
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FAQ's for LM Funding America Inc (LMFA)
As of August 2026, LM Funding America Inc LMFA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes LM Funding America Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in LM Funding America Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of LM Funding America Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of LM Funding America Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of LM Funding America Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for LM Funding America Inc (LMFA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.