Is Forian Inc. (FORA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.4% / 30% | 54.3% / 30% | 10.1% / 30% | 12.02% / 5% | ✗ NOT HALAL |
| DJIM | 10.4% / 33% | 54.3% / 33% | 10.1% / 33% | 12.02% / 5% | ✗ NOT HALAL |
| MSCI | 14.2% / 33% | 74.4% / 33% | 13.9% / 33% | 12.02% / 5% | ✗ NOT HALAL |
| S&P | 10.4% / 33% | 54.3% / 33% | 10.1% / 33% | 12.02% / 5% | ✗ NOT HALAL |
| FTSE | 14.2% / 33% | 74.4% / 33% | 13.9% / 50% | 12.02% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 53.2% | |
| Operating Margin | -24.4% | |
| Net Margin | -9.5% | |
| Return on Equity (ROE) | -9.6% | |
| Return on Assets (ROA) | -5.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $282,827 |
| Free Cash Flow | $282,827 |
| Total Debt | $7M |
| Debt-to-Equity | 0.0 |
| Current Ratio | 3.0 |
| Total Assets | $47M |
Price & Trading
| Last Close | $2.04 |
| 50-Day MA | $2.09 |
| 200-Day MA | $2.10 |
| Avg Volume | 22K |
|
52-Week Range
$1.64
| |
About Forian Inc. (FORA)
Forian Inc. provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the life science, healthcare, and financial services industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions. The company's subscription and services-based solutions cover the life sciences, pharmaceutical services, healthcare payer, and provider and financial services industries. Forian Inc. was founded in 2020 and is headquartered in Newtown, Pennsylvania.
Related Halal Stocks in Healthcare
Frequently Asked Questions
Is Forian Inc. (FORA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Forian Inc. 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 Forian Inc.'s debt ratio?
Forian Inc.'s debt ratio is 10.4% 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 14.2%.
What are Forian Inc.'s key financial metrics?
Forian Inc. has a market capitalization of $64M, and revenue of $20M. The company maintains a gross margin of 53.2% and a net margin of -9.5%. Return on equity stands at -9.6%.
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.