Is FONAR CORP (FONR) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 33.4% / 30% | 48.5% / 30% | 71.2% / 30% | 2.12% / 5% | ✗ NOT HALAL |
| DJIM | 33.4% / 33% | 48.5% / 33% | 71.2% / 33% | 2.12% / 5% | ✗ NOT HALAL |
| MSCI | 17.9% / 33% | 26.0% / 33% | 38.2% / 33% | 2.12% / 5% | ✗ NOT HALAL |
| S&P | 33.4% / 33% | 48.5% / 33% | 71.2% / 33% | 2.12% / 5% | ✗ NOT HALAL |
| FTSE | 17.9% / 33% | 26.0% / 33% | 38.2% / 50% | 2.12% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 40.8% | |
| Operating Margin | 11.7% | |
| Net Margin | 7.1% | |
| Return on Equity (ROE) | 6.0% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $11M |
| Free Cash Flow | $7M |
| Total Debt | $39M |
| Debt-to-Equity | 24.4 |
| Current Ratio | 10.0 |
| Total Assets | $217M |
Price & Trading
| Last Close | $18.54 |
| 50-Day MA | $18.55 |
| 200-Day MA | $16.21 |
| Avg Volume | 98K |
| Beta | 1.0 |
|
52-Week Range
$12.00
| |
About FONAR CORP (FONR)
FONAR Corporation, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries in the United States. It operates in two segments: Medical Equipment, and Physician Management and Diagnostic Services. The company offers an Upright MRI scanner, which allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. It also provides non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with legal and regulatory matters, and development and implementation of practice growth and marketing strategies. In addition, the company owns and operates diagnostic imaging facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1978 and is based in Melville, New York.
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Frequently Asked Questions
Is FONAR CORP (FONR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FONAR CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FONAR CORP's debt ratio?
FONAR CORP's debt ratio is 33.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 17.9%.
What are FONAR CORP's key financial metrics?
FONAR CORP has a market capitalization of $117M, trailing P/E ratio of 16.1, and revenue of $104M. The company maintains a gross margin of 40.8% and a net margin of 7.1%. Return on equity stands at 6.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.