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Is Everspin Technologies Inc Stock Halal?
Shariah Compliance Analysis of MRAM Stock
Yes. As of September 2026, Everspin Technologies Inc (MRAM) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Everspin Technologies Inc passes Musaffa's business and financial screening criteria.
Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. The company is headquartered in Chandler, Arizona and currently employs 85 full-time employees. The company went IPO on 2016-10-07. Its portfolio of MRAM technologies includes Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM). Toggle MRAM products are designed to address applications in the industrial, medical, automotive/transportation, and data center markets. The company offers these products with industry standard interfaces, including Parallel, Serial Peripheral Interface (SPI) and Quad SPI (QSPI) interfaces. STT-MRAM technology can be tuned to deliver products in Dynamic Random Access Memory (DRAM), Static Random Access Memory (SRAM) and NOR Flash applications. TMR sensors provide high magnetic sensitivity in a single component that performs 3D magnetic field measurements in a monolithic solution. The company sells its products directly and through its distribution channels, to original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
MRAM Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Everspin Technologies Inc is classified as halal.
HALALEverspin Technologies Inc (MRAM) Chart
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Financial Metrics & Statements of Everspin Technologies Inc (MRAM)
FAQ's for Everspin Technologies Inc (MRAM)
- As of September 2026, Everspin Technologies Inc MRAM is classified as halal 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 Everspin Technologies Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Everspin Technologies 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 Everspin Technologies 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 Everspin Technologies 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 Everspin Technologies Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Everspin Technologies Inc (MRAM)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
