Is OM (OMH) stock Halal?

OM is a property technology company focused on revolutionizing the real estate industry in Southeast Asia. The company provides a comprehensive platform that facilitates seamless real estate transactions by integrating property listings, housing services, and real estate agent support. Ohmyhome Ltd.'s primary function is to streamline the buying, selling, and renting processes for users, ensuring a user-friendly and efficient experience. For Muslim investors, though, the most pressing question is simpler: is OM a Halal investment?

Is OM Shariah compliant?

No. In the October 2026 screening OM (OMH) does not pass AAOIFI screening: it fails the interest-bearing debt screen. Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for OM is how the portfolio is financed and whether rental income flows from impermissible tenants; the debt cap and the 5% income ceiling of AAOIFI Shariah Standard No. 21 carry the verdict.

Does OM pass the business activity test?

The activity screen is only part of the picture this month: OM currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.

Is OM's income Halal?

Yes, within AAOIFI's tolerance. OM's income from non-permissible sources stays below 5% of revenue in the October 2026 screening.

Does OM meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, measured against a market capitalisation of $4.34M (market data as of 1 October 2026), while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Why do other halal screeners show a different verdict for OM?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the screening method? Read REITs: Halal Real Estate for Muslim Investors