Brain Scientific, Inc. is a neurology-focused medical device and software company, which provides a centralized platform for data acquisition and analysis of electroencephalography (EEG) data that combines medical device technologies with cloud-based telehealth services. The company is headquartered in Lakewood Ranch, Florida and currently employs 11 full-time employees. The company went IPO on 2017-08-16. The firm has two subsidiaries, each of which is focused on one of its complementary product lines. The neurology products of its subsidiary, Memory MD, Inc., are medical devices and software products designed for the neurology market. The products of its subsidiary, Piezo Motion Corp. are motion products, which are small piezoelectric motors designed for use as motors within medical devices and devices outside of the MedTech industry. The company has developed about twelve motor platforms and micro dosing pumps, each of which is available commercially. Its NeuroCap is a disposable, soft layered cap with an integrated electrode circuit that is designed to address problems of conventional electroencephalography (EEG) systems. The NeuroEEG connects wirelessly to the computer, allowing freedom of movement for the patient and enabling telemedicine applications.
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As of August 2026, Brain Scientific Inc BRSF is classified as not covered 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 Brain Scientific Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Brain Scientific 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 Brain Scientific 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 Brain Scientific 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 Brain Scientific 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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