What is Spectral AI, Inc.'s Shariah compliance score?

Spectral AI, Inc. (MDAI) has a Shariah compliance score of 31/100 (Grade: C-, Borderline). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Spectral AI, Inc. pass AAOIFI screening?

Spectral AI, Inc. (MDAI) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. MDAI's debt-to-market-cap is 28.6%.

How much purification is needed for Spectral AI, Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Spectral AI, Inc. (MDAI) using the latest financial data.

Where can I screen Spectral AI, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Spectral AI, Inc. (MDAI) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

MDAIDoubtfulC-

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Compliance Status

Doubtful

Screened on Oct 9, 2026 · AAOIFI Standard 21

C-

Borderline

31Score

Is Spectral AI, Inc. (MDAI) halal? Doubtful. Based on AAOIFI screening, Spectral AI, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 31/100 (Grade: C-).

Quote this verdict

HalalScreener rates Spectral AI, Inc. (MDAI) Doubtful, 31/100, grade C- under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/MDAI

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%.

28.6% of 30.0% limit

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.

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Screened according to AAOIFI Standard 21

What this means for you

You may own MDAI, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened MDAI's prohibited income, but the exact share you would need to purify is part of Pro.

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MDAI: Is Spectral AI, Inc. Halal?

Spectral AI, Inc.

NASDAQHealthcareUS

$1.65

Market Cap: 52.5M

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About Spectral AI, Inc.

Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation; and delivers a binary prediction on the wounds capacity to heal or not heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient’s wounds. Its system also includes MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images; and AI-Burn software. Spectral AI, Inc. is headquartered in Dallas, Texas.

Sector: Healthcare · Industry: Medical - Specialties

Why This Stock Is Doubtful

Interest-bearing debt is 28.6% of market cap, only 1.4 points below the 30% AAOIFI limit.
Interest-bearing deposits are close to the 30% limit.
Income from prohibited sources is close to the 5% limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 9, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Spectral AI, Inc. (MDAI) halal to invest in?

Spectral AI, Inc. (MDAI) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Spectral AI, Inc. get a C- compliance rating?

Spectral AI, Inc. (MDAI) received a grade of C- (Borderline) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Spectral AI, Inc.'s Shariah verdict?

Spectral AI, 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 Spectral AI, Inc. re-screened for Shariah compliance?

Spectral AI, Inc. (MDAI) 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: Oct 9, 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.