Is Marpai Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Marpai Inc (MRAI) is currently classified as NOT HALAL as of July 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.

Is Marpai Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Marpai Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Marpai Inc?

Muslim investors may consider investing in Marpai 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.

Why is Marpai Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Marpai Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Marpai Inc updated?

The Shariah compliance status of Marpai Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Marpai Inc become non-compliant?

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.

Where can I check the Shariah status of Marpai Inc?

You can check the latest Shariah compliance status of Marpai Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MRAI Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 27, 2024

Report Source: 2024 1st Quarter Report

Analyst's Ratings for Marpai Inc (MRAI)

Based on 7 analysts giving stock ratings to Marpai Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Marpai Inc. Stock Analysis MRAI

United States Financials Nano Cap Report: Q1, 2024

Marpai, Inc. offers a SMART health plan services system that transforms health plan into a health empowerment tool. The company is headquartered in Tampa, Florida and currently employs 107 full-time employees. The company went IPO on 2021-10-27. The firm operates subsidiaries that provide Third Party Administrator and value-oriented health plan services to employers that directly pay for employee health benefits. Its products and services include Health Plan Administration services, In-House Ancillary services, and Third-Party Vendor services. Its Health Plan Administration services offering includes handling all aspects of administration related to a healthcare plan. Its In-House Ancillary Services are derived from its in-house products related to its role as the administrator of the clients' health plans. The firm typically design healthcare benefit plan for its client, which allows the client to define the coverage it would like to provide to its employees. The firm offers MarpaiRx, a national pharmacy benefit management program.

Key Statistics of Marpai Inc (MRAI)

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

Today's Range

$0.29$0.31

Today's Open

$0.31

Volume

20.90K

P/E Ratio (TTM)

52 Week Range

$0.22$1.78

Market Cap

6.85M

Avg. Volume

24.33K

Dividend Yield

Financial Metrics & Statements of Marpai Inc (MRAI)

FAQ's for Marpai Inc (MRAI)

According to Musaffa’s Shariah screening methodology, Marpai Inc (MRAI) is currently classified as NOT HALAL as of July 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.