Is Remitly Global Inc halal to invest in?

As of July 2026, Remitly Global Inc RELY is classified as halal 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.

Is Remitly Global Inc 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 Remitly Global Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Remitly Global Inc?

Muslim investors may consider investing in Remitly Global 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.

Why is Remitly Global Inc classified as HALAL?

Musaffa determines the Shariah status of Remitly Global Inc 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 Remitly Global Inc updated?

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

Can a halal stock like Remitly Global Inc 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 Remitly Global Inc?

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

RELY Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Remitly Global Inc is classified as halal.

HALAL

Report Source: 2026 1st Quarter Report

Remitly Global Inc. Stock Analysis RELY

United States Financials Mid Cap Report: Q1, 2026

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company is headquartered in Seattle, Washington and currently employs 3,200 full-time employees. The company went IPO on 2021-09-23. Its cross-border payments app helps customers with a fast, reliable, and transparent money movement experience. The Company’s technology platform is purpose-built to localize consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The firm provides a digital cross-border remittance product that is accessible via its mobile app or the Web. The company offers a mobile-centric suite of products, global network, localization expertise at scale and a data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. The firm's global network of funding and disbursement partnerships enables it to complete money transfers in over 5,100 corridors without the need to deploy local operations in each country.

Key Statistics of Remitly Global Inc (RELY)

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

Today's Range

$23.26$23.77

Today's Open

$23.69

Volume

2.61M

P/E Ratio (TTM)

73.96

52 Week Range

$12.08$25.75

Market Cap

4.86B

Avg. Volume

3.36M

Dividend Yield

Financial Metrics & Statements of Remitly Global Inc (RELY)

Super Investors Invested in Remitly Global Inc (RELY)

FAQ's for Remitly Global Inc (RELY)

As of July 2026, Remitly Global Inc RELY is classified as halal 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 Remitly Global Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Remitly Global 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 Remitly Global 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 Remitly Global 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 Remitly Global Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.