MICRON SOLUTIONS INC (MICR) - Not Halal (Non-Compliant)
MICRON SOLUTIONS INC (MICR) 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
- Healthcare
- Industry
- Medical Devices
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Medical Devices" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 571175.9% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 614.1% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About MICRON SOLUTIONS INC
Micron Solutions, Inc. operates as a contract manufacturer for the medical device, defense, and life sciences markets. It offers precision machining, thermoplastic injection molding, mold making products; sensors; orthopedic implants and devices; and diagnostic test kits. The company provides solutions for medical, orthopedics, consumer, test kits, life sciences, consumer, defense, drug delivery devices, and automotive industries. Micron Solutions, Inc. was founded in 1972 and is based in Fitchburg, Massachusetts.
Frequently Asked Questions
Is MICRON SOLUTIONS INC (MICR) stock halal to invest in?
According to AAOIFI Shariah screening standards, MICRON SOLUTIONS INC (MICR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does MICRON SOLUTIONS INC have any interest income?
MICRON SOLUTIONS INC's interest income ratio is 614.1% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if MICR stock is Shariah-compliant?
MICR is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

