Is Rimini Street, Inc. (RMNI) Stock Halal or Haram?

Rimini Street, Inc. (RMNI) - Not Halal (Non-Compliant)

Rimini Street, Inc. (RMNI) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.

Business Activity Screen

Sector: Technology
Industry: Software - Application
Result: Pass
Reason: The sector "Technology" and industry "Software - Application" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 18.6% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 34.1% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio: Value: 1.1% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 1.07%.Based on the company's financial statements, approximately 1.07% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.07% of total income). Some scholars may differ on the exact calculation method.

About Rimini Street, Inc.

Rimini Street, Inc. provides enterprise software support, managed services, and Agentic AI ERP solutions. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini Agentic UX, an AI-driven orchestration, automation, and user experience (UX) design to deliver a unified and composable interface for enterprise workflows; Rimini Support, a mission-critical support for Oracle, SAP and VMware applications, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; and Rimini Protect, a suite of personalized software security services and solutions. The company also offers Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems; Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was founded in 2005 and is headquartered in Las Vegas, Nevada.

Business Activity

Pass

TechnologySoftware - Application

The sector "Technology" and industry "Software - Application" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio18.6% / 30%

Cash & Interest-bearing Securities Ratio34.1% / 30%

Non-Permissible Income Ratio1.1% / 5%

Denominator: Market Capitalization

Dividend Purification

1.07%

Based on the company's financial statements, approximately 1.07% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.07% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About Rimini Street, Inc.

United StatesNASDAQTechnology

Screened using AAOIFI Standard No. 21 on October 30, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

No verdict changes recorded since first screened on Oct 30, 2026. We started recording changes on Oct 30, 2026.

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

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Screening

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Purification

Dividend Purification Explained

Learn how to calculate and donate the non-permissible portion of your dividend income.

Frequently Asked Questions

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

According to AAOIFI Shariah screening standards, Rimini Street, Inc. (RMNI) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does Rimini Street, Inc. have any interest income?

Identified interest income is 1.1% of Rimini Street, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.

What guidelines are used to determine if RMNI stock is Shariah-compliant?

RMNI is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

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

Rimini Street, Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

How can I stay updated on Rimini Street, Inc.'s compliance status?

Watch RMNI free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.

Are dividends from Rimini Street, Inc. stock considered halal?

Approximately 1.07% of dividend income from Rimini Street, Inc. comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.

Do I need to pay Zakat on my Rimini Street, Inc. shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Salaam

Rimini Street, Inc.

Business Activity

Financial Ratios

Dividend Purification

About Rimini Street, Inc.

Verdict history

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Frequently Asked Questions

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