authID Inc. (AUID) - Not Halal (Non-Compliant)
authID Inc. (AUID) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Software - Infrastructure
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Infrastructure" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 26.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 9.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 10.4% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 10.44%.Based on the company's financial statements, approximately 10.44% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (10.44% of total income). Some scholars may differ on the exact calculation method.
About authID Inc.
authID Inc. provides biometric identity platform worldwide. The company offers cloud-based platform, including Biometric Identity Verification Proof, which establishes the identity of a user based on a variety of ground truth sources, including government-issued identity documents, such as national IDs, driver's licenses, passports, and electronic machine-readable travel documents; Verified platform, which detects presentation attack and spoofing threats; authID's Proof for identity verification product eliminates the need for costly and less accurate face-to-face, in-person ID checks; Biometric Identity Authentication Verified, which provides organization with a secure convenient solution to validate that individual is the verified account owner for various purposes, including passwordless login and performing specific transactions, and functions; PrivacyKey Privacy Preserving Biometrics solution provides biometric authentication without the requirement to store any biometric and derivative of biometric data; verified allows users to recover, via a facial biometric, account access that is lost or blocked due to expired credentials, lockouts, lost or stolen devices, and compromised accounts. The company was formerly known as Ipsidy Inc. and changed its name to authID Inc. authID Inc. was founded in 2009 and is headquartered in Denver, Colorado.
