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AAOIFI No. 21 screening

Is QUCY halal?

Quantum Cyber N.V.

Doubtful

No clear verdict is possible for Quantum Cyber N.V. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.

Checked: 15 October 2026

Exchange

NASDAQ

Price

1.06

Day

-2.75%

Market cap

$93.8M

Industry

Diagnostics & Research

Sector

Healthcare

Manually identified reason

Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:

Doubtful: pivot to an autonomous defense/drone-warfare platform — share not disclosed (Quantum Cyber; the 'Diagnostics' label is stale)

What the company does

Quantum Cyber (formerly Mainz Biomed, fully pivoted in 2026) is building post-quantum cryptography and an AI-driven autonomous defense platform (drone warfare, counter-UAS, naval mine countermeasures). The Yahoo label ('Diagnostics') is outdated; revenue is tiny (the defense line is considered by the screener).

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

    Doubtful: pivot to an autonomous defense/drone-warfare platform — share not disclosed (Quantum Cyber; the 'Diagnostics' label is stale)

  • Interest-bearing debt / market cap

    limit 30%

    0.2%

    Pass

  • Cash & investments / market cap

    limit 30%

    14.3%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

In the lists

In the S&P 500
Not in the S&P 500

Halal stocks in the same industry

The largest halal stocks in Diagnostics & Research — for comparison.

Related articles

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.