Is Disc Medicine, Inc. (IRON) halal? Doubtful. Based on AAOIFI screening, Disc Medicine, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 68/100 (Grade: B).
IRON β Is Disc Medicine, Inc. Halal?
DoubtfulDisc Medicine, Inc.
$71.89
-3.82%
Why This Stock Is Doubtful
- Interest-bearing deposits are 29.0% of market cap β near the 30% threshold
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Acceptable
Acceptable but room for improvement
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
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Financial Overview
Market Cap
-
Price
$71.89
Sector
Healthcare
Industry
Biotechnology
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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.