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Is Nemaura Medical Inc Stock Halal?
Shariah Compliance Analysis of NMRD Stock
United States Health Care Nano Cap No. As of November 2026, Nemaura Medical Inc (NMRD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nemaura Medical Inc does not pass Musaffa's business and financial screening criteria.
Nemaura Medical, Inc. operates as a holding company. The company is headquartered in Manhattan, New York and currently employs 36 full-time employees. The company went IPO on 2014-11-04. The sugarBEAT device is a non-invasive, wireless device for use by persons with Type I and Type II diabetes and may also be used to screen pre-diabetic patients and support obesity and weight-loss programs. The sugarBEAT device extracts analytes, such as glucose, to the surface of the skin in a non-invasive manner where it is measured using sensors and interpreted using an algorithm. The Company’s applications of its technology include glucose monitoring, temperature monitoring, lactate monitoring, alcohol monitoring, and substance abuse monitoring. Its platform uses precision microsystems-based technology.
NMRD Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Nemaura Medical Inc is classified as not halal.
NOT HALALNemaura Medical Inc (NMRD) Chart
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Financial Metrics & Statements of Nemaura Medical Inc (NMRD)
FAQ's for Nemaura Medical Inc (NMRD)
- As of November 2026, Nemaura Medical Inc NMRD is classified as not 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 Nemaura Medical Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Nemaura Medical 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 Nemaura Medical 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 Nemaura Medical 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 Nemaura Medical Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Nemaura Medical Inc (NMRD)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
