bioAffinity Technologies, Inc. (BIAF) - Halal (Shariah-Compliant)
bioAffinity Technologies, Inc. (BIAF) is classified as Halal (Shariah-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
- Healthcare
- Industry
- Diagnostics & Research
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Diagnostics & Research" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 6.3% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 10.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.38%.Based on the company's financial statements, approximately 0.38% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.38% of total income). Some scholars may differ on the exact calculation method.
About bioAffinity Technologies, Inc.
bioAffinity Technologies, Inc. engages in developing non-invasive diagnostic laboratory tests to detect early-stage lung cancer and other diseases of the lung using flow cytometry and automated analysis in the United States. The company operates through two segments: Diagnostic Research and Development; and Laboratory Services. The company offers CyPath lung which uses flow cytometry technology to detect and analyze cell populations in a person's sputum, or phlegm, to find characteristics indicative of lung cancer, including cancer and/or cancer-related cells that have shed from a lung tumor. The company has a collaboration with Brooke Army Medical Center to evaluate its proprietary tests under development to identify inflammatory biomarkers for asthma and chronic obstructive pulmonary disease. bioAffinity Technologies, Inc. was incorporated in 2014 and is based in San Antonio, Texas.
Frequently Asked Questions
Is bioAffinity Technologies, Inc. (BIAF) stock halal to invest in?
According to AAOIFI Shariah screening standards, bioAffinity Technologies, Inc. (BIAF) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

