Is RMA Global Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, RMA Global Ltd (RMY.AX) is currently classified as DOUBTFUL as of February 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is RMA Global Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes RMA Global Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of RMA Global Ltd?

Muslim investors may consider investing in RMA Global Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is RMA Global Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of RMA Global Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for RMA Global Ltd updated?

The Shariah compliance status of RMA Global Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like RMA Global Ltd become non-compliant?

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.

Where can I check the Shariah status of RMA Global Ltd?

You can check the latest Shariah compliance status of RMA Global Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

RMY.AX Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: February 14, 2024

Report Source: 2023 Annual Report

RMA Global Ltd. Stock Analysis RMY.AX

Australia Communication Services Nano Cap Report: 2023 Annual

RMA Global Ltd. engages in the provision of online digital marketing business. The firm operates RateMyAgent, a review platform for client-centered Real Estate professionals. The company is engaged in providing data on real estate agents, their active residential property listings and sale results, as well as reviews from vendors and buyers of residential real estate. The company operates sales, leasing and mortgage broking across the United States of America, Australia, and New Zealand. Its business offers a way for agents to efficiently collect and promote client reviews, helping them stay top of mind with past clients and earn trust with prospective new clients. The primary streams for the business consist of subscription and promoter fees. Promoter is a product that enables agents and agencies to digitally promote their digital profiles through various third-party platforms. Its subsidiaries include RateMyAgent.com Pty Ltd, RateMyAgent Services Pty Ltd, RAdmin (Aus) Pty Ltd, and RateMyAgent Inc.

Key Statistics of RMA Global Ltd (RMY.AX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

AUD0.03AUD0.04

Today's Open

AUD0.04

Volume

314.07K

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.07

Market Cap

25.91M

Avg. Volume

29.66K

Dividend Yield

Financial Metrics & Statements of RMA Global Ltd (RMY.AX)

FAQ's for RMA Global Ltd (RMY.AX)

According to Musaffa’s Shariah screening methodology, RMA Global Ltd (RMY.AX) is currently classified as DOUBTFUL as of February 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.