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AXIM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 23, 2024

Report Source: 2024 2nd Quarter Report

Axim Biotechnologies Inc

Axim Biotechnologies Inc. Stock Analysis AXIM

United States Health Care Nano Cap Report:
AXIM Biotechnologies, Inc. operates as a biotechnology company, which engages in the development of diagnostic healthcare solutions. The company is headquartered in San Diego, California and currently employs 6 full-time employees. The company went IPO on 2013-04-09. The firm's TearScan platform enables clinicians to quantify tear biomarkers with laboratory-grade accuracy in office settings, enhancing diagnostic confidence and treatment outcomes. The firm's product portfolio falls under the Eye Health sector and consists of the two FDA cleared 510(k) tests for dry eye disease (DED) and allergic conjunctivitis, both testing tears for these diseases. The company has also internally developed an immunoassay for a potential third product which would measure MMP-9 in tears. MMP-9 is a biomarker for ocular surface inflammation and is an additional diagnostic tool for DED and other eye diseases. Its ophthalmological diagnostic tests include Ocular Immunoglobulin E (IgE) Test and Lactoferrin Test. IgE is a biomarker for allergic conjunctivitis, which often mimics dry eye disease or co-exists with dry eye disease.
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Axim Biotechnologies Inc (AXIM) Chart

Key Statistics of Axim Biotechnologies Inc (AXIM)

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

Today's Range

$0.00$0.01

Today's Open

$0.00

Volume

13.13K

P/E Ratio (TTM)

-

52 Week Range

$0.00$0.03

Market Cap

2.00M

Avg. Volume

90.54K

Dividend Yield

-

Financial Metrics & Statements of Axim Biotechnologies Inc (AXIM)

FAQ's for Axim Biotechnologies Inc (AXIM)

  • According to Musaffa’s Shariah screening methodology, Axim Biotechnologies Inc (AXIM) is currently classified as NOT HALAL as of December 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
  • A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Axim Biotechnologies Inc using these criteria to determine its compliance status.
  • Muslim investors may consider investing in Axim Biotechnologies 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 Axim Biotechnologies 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 Axim Biotechnologies 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 Axim Biotechnologies Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

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