MTNOY Shariah Compliance
Screening Methodology: AAOIFI
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MTN Group Ltd. Stock Analysis MTNOY
MTN Group Ltd. engages in the provision of voice, data, fintech, digital, enterprise, wholesale, and application programming interface services. The company is headquartered in Roodepoort, Gauteng. The firm's geographical segments include South Africa, Nigeria, South and East Africa (SEA), West and Central Africa (WECA), and Middle East and North Africa (MENA). South Africa and Nigeria comprise the segment information for the South African and Nigerian cellular network service providers respectively. The SEA, WECA, and MENA comprise segment information for operations in those regions which are also network service providers. Its fintech solutions include in-store payments, remittances, prepaid services, mobile wallets, micro-loans, and micro-insurance. MTN MoMo is a fintech platform providing consumers and businesses digital financial services. Its digital solution includes ayoba, which allows users to chat, call, follow localized content channels and micro-apps as well as play games and listen to music.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.