Tingo Group, Inc. operates through its subsidiaries, focused on the growth and development of its financial technology offerings. The company is headquartered in Montvale, New Jersey and currently employs 797 full-time employees. The company went IPO on 2004-06-24. The firm's wholly owned subsidiary, Tingo Mobile, is an Agri-Fintech company operating in Africa. Tingo Mobile services include Nwassa seed-to-sale marketplace platform, insurance, micro-finance, and mobile phone and data top-up. Its other business verticals include: TingoPay, which offers a range of B2C and B2B services including payment services, an e-wallet, foreign exchange and merchant services; Tingo Foods, a food processing business that processes raw foods into finished products such as rice, groundnut oil, wheat, millet and maize, and Tingo DMCC, a commodity trading platform and agricultural commodities export business based out of the Dubai Multi Commodities Center. The company also holds and operates an insurance brokerage platform business, and Magpie Securities (a regulated finance services fintech business).
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As of August 2026, Tingo Group Inc TIOG 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 Tingo Group Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Tingo Group 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 Tingo Group 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 Tingo Group 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 Tingo Group 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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