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Company report
Review the methodology status, formula details, and supporting context for OVT.
Methodology
AAOIFI
DJIM
S&P Shariah
Company
Ovanti Limited provides fintech and digital commerce software and services that enable institutional customers to authenticate end-user customers and process banking, purchase, and payment transactions in Malaysia. It offers mobility solutions, including Mobility2U, a SMS messaging and email marketing platform for digital communication; Bulk API, which integrates into different systems that offers specific routing, asynchronous processing, and audit trail features; and Managed Service Blasting, an automated marketing solution used to share content and contacts. The company also provides 2-Way SMS that provides interactive marketing, contests, surveys, and instant text message replies; Secure Transaction Messaging for banks, telcos, and major brands; and Mobile Backend as a Service, that allows enterprises to integrate mobile app data and functionality into backend and cloud storage, as well as offers full-cycle mobile application development services. It serves banks, insurers, telecos, and corporate companies. The company was formerly known as IOUpay Limited and changed its name to Ovanti Limited in January 2024. Ovanti Limited was incorporated in 2000 and is based in Double Bay, Australia.
Debt ratio
Formula
Total Interest-Bearing Debt / Market Capitalization (or Avg for AAOIFI/DJIM)
Thresholds
Cash ratio
Formula
(Cash + Interest-Bearing Securities) / Market Capitalization
Thresholds
Analysis
Financial Data
Company Profile
Financial Data
Haram revenue
Formula
Impermissible Revenue / Total Revenue
Thresholds
Financial Data
Company Website
Methodology
Methodology