What is CorMedix Inc.'s Shariah compliance score?

CorMedix Inc. (CRMD) has a Shariah compliance score of 64/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does CorMedix Inc. pass AAOIFI screening?

CorMedix Inc. (CRMD) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CRMD: 23.0%), (3) interest-bearing deposits below 30% (CRMD: 10.8%), and (4) prohibited income below 5% (CRMD: 1.6%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for CorMedix Inc. stock?

CorMedix Inc. (CRMD) has a non-permissible income ratio of 1.61%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CRMD shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen CorMedix Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CorMedix Inc. (CRMD) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CRMD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CRMD: Is CorMedix Inc. Halal?

CorMedix Inc.

NASDAQHealthcareUS

$8.27

-0.60%

Market Cap: 648.8M

Compliance Status

Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Acceptable

64Score

Is CorMedix Inc. (CRMD) halal? Halal. Based on AAOIFI screening, CorMedix Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 64/100 (Grade: B).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

23.0% of 30.0% limit

What this means for you

You can own CRMD

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 1.6% of your income from CRMD

That is about $1.60 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About CorMedix Inc.

CorMedix Inc. is a biopharmaceutical company engaged in the development and commercialization of medical treatments for the prevention and care of infectious and inflammatory conditions, serving markets both in the United States and internationally. Its leading product candidate, DefenCath/Neutrolin, represents a novel anti-infective solution. This treatment aims to diminish and avert catheter-related infections and blood clots in patients who utilize central venous catheters for medical procedures such as hemodialysis, total parenteral nutrition, and oncology care. Incorporated in 2006, the company initially operated as Picton Holding Company, Inc. until officially adopting the name CorMedix Inc. in January 2007. Its corporate headquarters are located in Berkeley Heights, New Jersey.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 2026

Compliance History

Halalnow
since Jun 2026
Not Halal
until the change above
Halal
until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is CorMedix Inc. (CRMD) halal to invest in?

Based on AAOIFI Standard 21 screening, CorMedix Inc. (CRMD) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did CorMedix Inc. get a B compliance rating?

CorMedix Inc. (CRMD) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.0% (limit 30%); interest-bearing deposits of 10.8% (limit 30%); prohibited income of 1.61% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change CorMedix Inc.'s Shariah verdict?

CorMedix Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is CorMedix Inc. re-screened for Shariah compliance?

CorMedix Inc. (CRMD) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.