Is Remitly Global, Inc. RELY stock halal to invest in?

Yes, as of August 2026, Remitly Global, Inc. stock (RELY) is classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. Remitly Global, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 99.64%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Remitly Global, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Remitly Global, Inc. RELY reviewed for Shariah compliance?

Tabadulat reviews Remitly Global, Inc. RELY for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Remitly Global, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Remitly Global, Inc. RELY pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Remitly Global, Inc. stock (RELY) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Remitly Global, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Remitly Global, Inc. RELY pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Remitly Global, Inc. stock (RELY) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Remitly Global, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Remitly Global, Inc. RELY pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Remitly Global, Inc. stock (RELY) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Remitly Global, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Remitly Global, Inc. RELY stock?

As of August 2026, the dividend purification factor for Remitly Global, Inc. (RELY) is 99.64%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Remitly Global, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Remitly Global, Inc. RELY pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Remitly Global, Inc. stock (RELY) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Remitly Global, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Remitly Global, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

RELY

About

Remitly Global, Inc.

RELY

Remitly Global Inc. operates as a digital financial services company focused on cross-border remittances. Remitly provides an online platform designed to simplify the transfer of money globally. Its primary function is facilitating fast, secure, and affordable money transfers from developed countries to developing nations, catering especially to migrants sending funds to support their families. The platform supports transfers across various geographical corridors, emphasizing convenience and reliability. Remitly differentiates itself through competitive exchange rates, low fees, and user-friendly digital interfaces available both online and through mobile applications. In the financial market, Remitly plays a significant role in enhancing financial inclusion by providing essential services to underserved communities who rely heavily on remittances for daily living expenses, education, and healthcare. As part of the larger fintech ecosystem, Remitly contributes to transforming traditional banking practices and fostering innovation in the global money transfer industry.

Sector:

Technology

Industry:

Software - Infrastructure

Employees:

2800

Website:

https://www.remitly.com

RELY

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Remitly Global, Inc.

About

Remitly Global, Inc.

RELY

Frequently asked questions

Is Remitly Global, Inc. RELY stock halal to invest in?

How often is Remitly Global, Inc. RELY reviewed for Shariah compliance?

Does Remitly Global, Inc. RELY pass the AAOIFI Non Permissible Income criteria?

Does Remitly Global, Inc. RELY pass the AAOIFI Interest Bearing Investments criteria?

Does Remitly Global, Inc. RELY pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Remitly Global, Inc. RELY stock?

Does Remitly Global, Inc. RELY pass the AAOIFI Preference Share screen?

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