Is IQMX halal?
IQM Quantum Computers Oyj
Not halal
IQM Quantum Computers Oyj did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
9.23
Day
-2.84%
Market cap
$4.84B
Industry
Computer Hardware
Sector
Technology
What the company does
IQM Quantum Computers (Finland) builds superconducting-qubit quantum computers and sells them to universities, research centers and enterprises; listed in August 2026. Money comes from system sales and installation/service.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $27.80M ÷ current market cap $4.84B = 0.6%
0.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $165.01M ÷ current market cap $4.84B = 3.4%
3.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.14M ÷ annual revenue $35.07M (2025) = 6.1%
6.1%
Fail
Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 66.1% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Computer Hardware — for comparison.
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.