Is Spectral AI, Inc. (MDAI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.9% / 30% | 12.0% / 30% | 5.8% / 30% | 0.05% / 5% | ✓ HALAL |
| DJIM | 10.9% / 33% | 12.0% / 33% | 5.8% / 33% | 0.05% / 5% | ✓ HALAL |
| MSCI | 38.8% / 33% | 42.6% / 33% | 20.7% / 33% | 0.05% / 5% | ✗ NOT HALAL |
| S&P | 10.9% / 33% | 12.0% / 33% | 5.8% / 33% | 0.05% / 5% | ✓ HALAL |
| FTSE | 38.8% / 33% | 42.6% / 33% | 20.7% / 50% | 0.05% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.4% | |
| Operating Margin | -54.9% | |
| Net Margin | -38.5% | |
| Return on Assets (ROA) | -32.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $5M |
| Current Ratio | 0.9 |
| Total Assets | $12M |
Price & Trading
| Last Close | $1.52 |
| 50-Day MA | $1.52 |
| 200-Day MA | $1.92 |
| Avg Volume | 566K |
| Beta | 1.0 |
|
52-Week Range
$1.05
| |
About Spectral AI, Inc. (MDAI)
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.
Purification Calculator
As a halal stock with 0.05% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Spectral AI, Inc. (MDAI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Spectral AI, Inc. 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 Spectral AI, Inc.'s debt ratio?
Spectral AI, Inc.'s debt ratio is 10.9% 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 38.8%.
Does Spectral AI, Inc. require dividend purification?
Yes, Spectral AI, Inc. has an impermissible income ratio of 0.05%, which means 0.05% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Spectral AI, Inc.'s key financial metrics?
Spectral AI, Inc. has a market capitalization of $47M, and revenue of $30M. The company maintains a gross margin of 45.4% and a net margin of -38.5%.
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.