MoneyOnMobile, Inc. is a processing and mobile payments technology company. The company is headquartered in Sheridan, Wyoming. The company went IPO on 2009-02-27. The firm enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. The company can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. The company has more than 350,000 retail locations throughout India. With MoneyOnMobile’s system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. The company enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Company’s payment service is available in every state within India.
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As of August 2026, MoneyOnMobile Inc MOMT is classified as not covered 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 MoneyOnMobile Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in MoneyOnMobile 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 MoneyOnMobile 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 MoneyOnMobile 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 MoneyOnMobile Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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