Wearable Devices Ltd. (WLDS) - Not Halal (Non-Compliant)
Wearable Devices Ltd. (WLDS) 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
- Consumer Electronics
- Result
- Pass
- Reason
- The sector "Technology" and industry "Consumer Electronics" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 1.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 74.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 35.5% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Wearable Devices Ltd.
Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, augmented reality glasses, virtual reality headsets, televisions, personal and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system software and algorithm software package. It also provides Mudra Band, a neural input wristband, which allows users to control Apple ecosystem devices, including iPhone, Mac computer, Apple TV, iPad, and Apple Vision Pro using subtle touchless finger movements and gestures and Mudra Link, a universal personalized gesture control neural band that allows users to control any Bluetooth compatible device regardless of the operating system. The company serves consumer electronics companies, consumer electronics brands, industrial manufacturing companies, IT and software solutions providers, software development studios, and academic institutions. The company was incorporated in 2014 and is headquartered in Yokneam Illit, Israel.