Is GridAI Technologies Corp. (GRDX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.9% / 30% | 2.2% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 1.9% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 0.2% / 33% | 0.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| S&P | 1.9% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 0.2% / 33% | 0.2% / 33% | 0.0% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $140,534 |
| Total Assets | $85M |
Price & Trading
| Last Close | $2.05 |
| 50-Day MA | $2.69 |
| 200-Day MA | $2.86 |
| Avg Volume | 144K |
|
52-Week Range
$0.97
| |
About GridAI Technologies Corp. (GRDX)
GridAI Technologies Corp. designs and develops an artificial intelligence (AI)-driven software and device platform that enables utilities, retailers, and large power users to manage load and distributed energy resources. The company's Aggregation Management Platform leverages IoT, AI/ML, and edge analytics to forecast, optimize, and dispatch flexible demand. The company also engages in the research and development of targeted and non-systemic therapies for the treatment of patients with gastrointestinal diseases. It serves residential and small business, commercial and utility, technology and innovation, and hyperscale industries. The company is based in Edinburgh, United Kingdom.
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Frequently Asked Questions
Is GridAI Technologies Corp. (GRDX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GridAI Technologies Corp. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is GridAI Technologies Corp.'s debt ratio?
GridAI Technologies Corp.'s debt ratio is 1.9% 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 0.2%.
What are GridAI Technologies Corp.'s key financial metrics?
GridAI Technologies Corp. has a market capitalization of $7M.
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.