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Is Smartmetric Inc Stock Halal?
Shariah Compliance Analysis of SMME Stock
United States Information Technology Nano Cap No. As of November 2026, Smartmetric Inc (SMME) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Smartmetric Inc does not pass Musaffa's business and financial screening criteria.
SmartMetric, Inc. is a technology engineering company, which engages in the development of miniature electronic systems and software. The company is headquartered in Las Vegas, Nevada and currently employs 1 full-time employees. The company went IPO on 2006-04-07. The firm has secured issued patents covering the biometric credit and debit card fingerprint activated invention. In addition, the Company holds the license to issued patents covering features of its biometric fingerprint activated cards. The Company’s main product under development is a fingerprint sensor activated credit/debit card with a finger sensor and fully functional fingerprint reader embedded inside the card. These cards have a rechargeable battery, allowing for portable biometric identification and card activation. These cards are herein sometimes referred to as a biometric card or the SmartMetric Biometric card. The company has completed development of its card along with pre-mass manufacturing cards and is in the final stages of production of its credit/debit biometric card.
SMME Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Smartmetric Inc is classified as not halal.
NOT HALALSmartmetric Inc (SMME) Chart
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Financial Metrics & Statements of Smartmetric Inc (SMME)
FAQ's for Smartmetric Inc (SMME)
- As of November 2026, Smartmetric Inc SMME 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 Smartmetric Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Smartmetric 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 Smartmetric 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 Smartmetric 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 Smartmetric 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 Smartmetric Inc (SMME)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
