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IRME Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 15, 2024

Report Source: 2024 1st Quarter Report

IR-Med Inc

IR-Med Inc. Stock Analysis IRME

United States Health Care Nano Cap Report:
IR-Med, Inc. is engaged in the designing and developing devices utilizing spectrographic usability medical devices based on the combination of Infra-Red (IR) and Artificial Intelligence (AI) technologies. The company is headquartered in New York City, New York and currently employs 3 full-time employees. The company went IPO on 2001-07-18. PressureSafe, the Company’s first product based on this platform, is a handheld device designed to revolutionize the assessment of pressure injuries (PI) affecting skin and underlying tissue. The firm is developing its technology through its subsidiary and is utilizing Infra-Red-light spectroscopy (IR) combined with an artificial intelligence (AI) technology platform to develop non-invasive devices for various medical indications, by assessing various biomarkers and molecules in the blood and in human tissue in real-time. The second product candidate, DiaSafe, which is under development, is a non-invasive, user-friendly device which is designed to address medical needs by offering assessment of Diabetic Foot Ulcer (DFU) before skin breakage.
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IR-Med Inc (IRME) Chart

Key Statistics of IR-Med Inc (IRME)

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

Today's Range

$0.01$0.01

Today's Open

$0.01

Volume

207.00

P/E Ratio (TTM)

-

52 Week Range

$0.00$0.13

Market Cap

760.00K

Avg. Volume

203.50

Dividend Yield

-

Financial Metrics & Statements of IR-Med Inc (IRME)

FAQ's for IR-Med Inc (IRME)

  • According to Musaffa’s Shariah screening methodology, IR-Med Inc (IRME) is currently classified as NOT HALAL as of June 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 IR-Med Inc using these criteria to determine its compliance status.
  • Muslim investors may consider investing in IR-Med 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 IR-Med 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 IR-Med 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 IR-Med 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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