IQMXNot HalalF
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IQM Quantum Computers Oyj

IQMX: Is IQM Quantum Computers Oyj Halal?

IQM Quantum Computers Oyj

NASDAQTechnologyFI

$10.61

Market Cap: 2.2B

Screened on a market cap of 2.0B

Compliance Status

Not Halal

Screened on Sep 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is IQM Quantum Computers Oyj (IQMX) halal? Not Halal. Based on AAOIFI screening, IQM Quantum Computers Oyj passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates IQM Quantum Computers Oyj (IQMX) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/IQMX

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

1.3% of 30.0% limit
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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding IQMX

It does not pass AAOIFI Shariah screening.

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About IQM Quantum Computers Oyj

IQM Quantum Computers is a global leader in superconducting quantum computing. The company delivers on-premise quantum computers for supercomputing data centers and research labs and offers full access to its hardware.

Sector: Technology · Industry: Computer Hardware

Why this does not pass

  • Income from prohibited sources is over the 5% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 26, 2026

See which ratio caused the failure.

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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Technology

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Frequently Asked Questions

Is IQM Quantum Computers Oyj (IQMX) halal to invest in?
IQM Quantum Computers Oyj (IQMX) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did IQM Quantum Computers Oyj get a F compliance rating?
IQM Quantum Computers Oyj (IQMX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change IQM Quantum Computers Oyj's Shariah verdict?
IQM Quantum Computers Oyj'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 IQM Quantum Computers Oyj re-screened for Shariah compliance?
IQM Quantum Computers Oyj (IQMX) 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: Sep 26, 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.