D-Wave Quantum Inc. (QBTS) - Not Halal (Non-Compliant)
D-Wave Quantum Inc. (QBTS) 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
- Computer Hardware
- Result
- Pass
- Reason
- The sector "Technology" and industry "Computer Hardware" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.5% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 98.1% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 98.08%.Based on the company's financial statements, approximately 98.08% of dividend income should be donated to charity for purification. This is derived from identified interest income (98.08% of total income). Some scholars may differ on the exact calculation method.
About D-Wave Quantum Inc.
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. The company has a collaboration with the University of Arkansas to establish leadership, education, and independent research focused on the application of quantum computing to supply chain management across retail, transportation, and national defense. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.