Fusemachines Inc. (FUSE) - Halal (Shariah-Compliant)
Fusemachines Inc. (FUSE) 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
- Technology
- Industry
- Software - Application
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Application" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 2.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.06%.Based on the company's financial statements, approximately 2.06% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.06% of total income). Some scholars may differ on the exact calculation method.
About Fusemachines Inc.
Fusemachines Inc. develops and delivers artificial intelligence (AI) as a service and machine learning software solutions in North America, Latin America, and Asia. The company offers AI studio, a platform that offers to build, deploy, and manage AI applications; AI Engines, a software solution to extract information from complex documents, generate accurate answers and summaries from large datasets, and detect suspicious activities and patterns in financial transactions at retail outlets; and AI Agents, that automates workflow, such as interview assistant, assisting recruiters by asking role-specific questions, and evaluating responses. Further, the company offers managed outbound services and AI as a service for data management, machine learning, and analytics. Additionally, it offers Fusemachines AI fellowship program, which provides selected scholars from underserved communities with mentorship and resources to develop advanced skills in artificial intelligence and machine learning. The company serves consumer brands, healthcare, media, technology, government, and others. The company is based in New York, New York.