What is IRadimed Corporation's Shariah compliance score?

IRadimed Corporation (IRMD) has a Shariah compliance score of 83/100 (Grade: A, Very Good) 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 IRadimed Corporation pass AAOIFI screening?

IRadimed Corporation (IRMD) 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% (IRMD: 0.0%), (3) interest-bearing deposits below 30% (IRMD: 4.2%), and (4) prohibited income below 5% (IRMD: 2.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for IRadimed Corporation stock?

IRadimed Corporation (IRMD) has a non-permissible income ratio of 2.74%. Muslim investors should purify this percentage of any dividends received and capital gains realized from IRMD 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 IRadimed Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for IRadimed Corporation (IRMD) 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 IRMD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IRMD: Is IRadimed Corporation Halal?

IRadimed Corporation

NASDAQHealthcareUS

$94.07

+0.12%

Market Cap: 1.2B

Compliance Status

Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Very Good

83Score

Is IRadimed Corporation (IRMD) halal? Halal. Based on AAOIFI screening, IRadimed Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

AvoidBorderlineClean

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%.

0.0% of 30.0% limit

What this means for you

You can own IRMD

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

Purify 2.7% of your income from IRMD

That is about $2.70 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About IRadimed Corporation

IRADIMED CORPORATION specializes in the engineering, production, and distribution of medical devices specifically designed for compatibility with magnetic resonance imaging (MRI) environments. The company supplies these specialized products, alongside their related accessories and support services, to both U.S. and international markets. Key offerings include the MRidium MRI-compatible intravenous (IV) infusion pump system, which comes with disposable tubing sets, and an MRI-compatible patient vital signs monitoring system. Furthermore, IRADIMED provides a range of complementary items such as non-magnetic IV poles, wireless remote displays/controls, side car pump modules, dose error reduction systems, and SpO2 monitoring solutions with sensors. Their clientele primarily consists of hospitals, acute care facilities, and outpatient imaging centers. Sales are conducted via direct field representatives, regional sales directors, clinical support specialists, and independent distributors. Founded in 1992, IRADIMED CORPORATION is headquartered in Winter Springs, Florida.

Sector: Healthcare · Industry: Medical - Devices

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 2026

Compliance History

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

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is IRadimed Corporation (IRMD) halal to invest in?

Based on AAOIFI Standard 21 screening, IRadimed Corporation (IRMD) is rated Halal with a compliance grade of A (Very Good). 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 IRadimed Corporation get a A compliance rating?

IRadimed Corporation (IRMD) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 4.2% (limit 30%); prohibited income of 2.74% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change IRadimed Corporation's Shariah verdict?

IRadimed Corporation'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 IRadimed Corporation re-screened for Shariah compliance?

IRadimed Corporation (IRMD) 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 14, 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.