Is Rimini Street, Inc. RMNI stock halal to invest in?

No, as of August 2026, Rimini Street, Inc. stock (RMNI) is not currently 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. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Rimini Street, Inc. currently does not meet the threshold for the interest-bearing investments screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Rimini Street, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Rimini Street, Inc. RMNI reviewed for Shariah compliance?

Tabadulat reviews Rimini Street, Inc. RMNI 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 Monthly screening ensures the status shown for Rimini Street, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Rimini Street, Inc. RMNI pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Rimini Street, Inc. stock (RMNI) 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. Rimini Street, 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 Rimini Street, Inc. RMNI pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Rimini Street, Inc. stock (RMNI) does not pass 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. Rimini Street, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Rimini Street, Inc. RMNI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Rimini Street, Inc. stock (RMNI) 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. Rimini Street, 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 Rimini Street, Inc. RMNI stock?

Rimini Street, Inc. (RMNI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Rimini Street, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Rimini Street, Inc. RMNI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Rimini Street, Inc. stock (RMNI) 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. Rimini Street, 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.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Rimini Street, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

RMNI

About

Rimini Street, Inc.

RMNI

Rimini Street Inc. is a prominent player in the enterprise software support services sector. It provides third-party support services for software products from major vendors including Oracle and SAP. Rimini Street's primary function is to offer alternative support solutions to enterprises that seek more cost-effective and reliable means of maintaining their software systems. This includes support and maintenance services that can significantly reduce costs while improving service outcomes. Rimini Street Inc. plays a vital role in the information technology landscape, especially for large-scale corporations that rely on enterprise software to manage operations. By providing customizable support options, the company empowers businesses across a range of industries—including financial services, healthcare, and manufacturing—to optimize their software investments without being tied to the high costs and rigid guidelines of the original software vendors. Founded in 2005 and headquartered in Las Vegas, Nevada, Rimini Street has established itself as a disruptive force within the software support market. Its growth reflects the increasing demand for innovative alternatives in the enterprise software domain, where flexibility and cost-efficiency are paramount.

Sector:

Technology

Industry:

Software - Application

Employees:

2010

Website:

https://www.riministreet.com

RMNI

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.

Rimini Street, Inc.

About

Rimini Street, Inc.

RMNI

Frequently asked questions

Is Rimini Street, Inc. RMNI stock halal to invest in?

How often is Rimini Street, Inc. RMNI reviewed for Shariah compliance?

Does Rimini Street, Inc. RMNI pass the AAOIFI Non Permissible Income criteria?

Does Rimini Street, Inc. RMNI pass the AAOIFI Interest Bearing Investments criteria?

Does Rimini Street, Inc. RMNI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Rimini Street, Inc. RMNI stock?

Does Rimini Street, Inc. RMNI pass the AAOIFI Preference Share screen?

Can I buy Rimini Street (RMNI) stock on Tabadulat?

Open your account.

Deposit.

Screen.