SCWorx Corp. (WORX) - Halal (Shariah-Compliant)
SCWorx Corp. (WORX) 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
- Health Information Services
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Health Information Services" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 7.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.31%.Based on the company's financial statements, approximately 1.31% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.31% of total income). Some scholars may differ on the exact calculation method.
About SCWorx Corp.
SCWorx Corp., together with its subsidiaries, provides data content and services related to the repair, normalization and interoperability of information for healthcare providers in the United States. The company develops and markets healthcare information technology solutions and associated services that improve healthcare processes and information flow within hospitals and other healthcare facilities. Its software modules perform separate functions; electronic medical record management; charge description master management; contract management; request for proposal automation; integration of acquired businesses; rebate management; big data analytics model; and data integration and warehousing. The company sells its solutions and services to hospitals and health systems through a direct sales force, and distribution and reseller partnerships. SCWorx Corp. is based in Middleton, Massachusetts.
Frequently Asked Questions
Is SCWorx Corp. (WORX) stock halal to invest in?
According to AAOIFI Shariah screening standards, SCWorx Corp. (WORX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.