What is Shoulder Innovations, Inc.'s Shariah compliance score?

Shoulder Innovations, Inc. (SI) has a Shariah compliance score of 65/100 (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 Shoulder Innovations, Inc. pass AAOIFI screening?

Shoulder Innovations, Inc. (SI) partially passes with caution 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% (SI: 3.3%), (3) interest-bearing deposits below 30% (SI: 27.8%), and (4) prohibited income below 5% (SI: 1.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Shoulder Innovations, Inc. stock?

Shoulder Innovations, Inc. (SI) has a non-permissible income ratio of 1.85%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SI 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 Shoulder Innovations, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Shoulder Innovations, Inc. (SI) 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 SI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SI: Is Shoulder Innovations, Inc. Halal?

Shoulder Innovations, Inc.

NYSEHealthcareUS

$14.00

-1.27%

Market Cap: 290.3M

Compliance Status

Doubtful

Screened on Jul 20, 2026 · AAOIFI Standard 21

Acceptable

65Score

Is Shoulder Innovations, Inc. (SI) halal? Doubtful. Based on AAOIFI screening, Shoulder Innovations, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 65/100 (Grade: B).

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%.

3.3% of 30.0% limit

What this means for you

You may own SI, with caution

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

Purify 1.9% of your income from SI

That is about $1.90 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Shoulder Innovations, Inc.

Shoulder Innovations, Inc. manufactures medical devices. It has developed a shoulder replacement system. The company was founded by Stephen B. Gunther and Michael DeVries in 2009 and is headquartered in Grand Rapids, MI.

Sector: Healthcare · Industry: Medical - Specialties

Why This Stock Is Doubtful

Interest-bearing deposits are 27.8% of market cap, only 2.2 points below the 30% 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 Jul 20, 2026

Compliance History

Doubtfulnow
since Jun 2026
Not 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 Shoulder Innovations, Inc. (SI) halal to invest in?

Shoulder Innovations, Inc. (SI) 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 Shoulder Innovations, Inc. get a B compliance rating?

Shoulder Innovations, Inc. (SI) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.3% (limit 30%); interest-bearing deposits of 27.8% (limit 30%); prohibited income of 1.85% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Shoulder Innovations, Inc.'s Shariah verdict?

Shoulder Innovations, 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 Shoulder Innovations, Inc. re-screened for Shariah compliance?

Shoulder Innovations, Inc. (SI) 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 20, 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.