Is IRMD halal?
iRadimed Corporation
Halal
iRadimed Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
88.27
Day
-1.23%
Market cap
$1.15B
Industry
Medical Devices
Sector
Healthcare
What the company does
iRadimed makes medical devices that work inside MRI rooms: non-magnetic infusion pumps and patient monitors (ordinary devices fail near an MRI). Its money comes from device sales and services.
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 $0 ÷ 36-month average market cap $824.99M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $59.08M ÷ 36-month average market cap $824.99M = 7.2%
7.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.01M ÷ annual revenue $83.81M (2025) = 2.4%
2.4%
Pass
Figures from the company's filings (2026-06-30), 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. Today's market cap: $1.15B.
For information (AAOIFI 3/1 note): cash + receivables are 62.9% of total assets (2026-06-30). 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
- Among halal stocks
- 0.00% · #865 of 1455
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.86% · purify 2.4% · net 0.84%
Halal stocks in the same industry
The largest halal stocks in Medical Devices — for comparison.
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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.