Is Spectral AI, Inc. MDAI stock Halal to invest in?

Yes, as of September 2026, Spectral AI, Inc. stock (MDAI) is classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. Spectral AI, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Spectral AI, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Spectral AI, Inc. MDAI reviewed for Shariah compliance?

Tabadulat reviews Spectral AI, Inc. MDAI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Spectral AI, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Spectral AI, Inc. MDAI pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Spectral AI, Inc. stock (MDAI) passes the AAOIFI non-permissible income screen. In practice this screen asks a simple question: how much of the company's revenue comes from sources Islam prohibits, such as Riba, conventional financial services, alcohol, gambling or tobacco? AAOIFI allows at most 5%, and Spectral AI, Inc. stays below that line this month. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Spectral AI, Inc. MDAI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Spectral AI, Inc. stock (MDAI) passes the AAOIFI interest-bearing investments screen. This screen looks at where the company parks its cash: conventional deposits, bonds, treasury bills and money-market funds all earn Riba, so AAOIFI caps them at 30% of market capitalisation. Spectral AI, Inc. stays inside that cap in the latest screening. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Spectral AI, Inc. MDAI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Spectral AI, Inc. stock (MDAI) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Spectral AI, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Spectral AI, Inc. MDAI stock?

The dividend purification factor for Spectral AI, Inc. (MDAI) stands at 100% in the September 2026 screening. In plain terms, 100% of a MDAI dividend is retained, and the remainder reflects incidental non-permissible income, typically interest on corporate cash, which Halal investors donate to charity (Tazkiyah). AAOIFI methodology asks for purification even on fully compliant stocks. The factor is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Spectral AI, Inc. MDAI pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Spectral AI, Inc. stock (MDAI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Spectral AI, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Spectral AI (MDAI) stock Halal?

NASDAQ

Shariah-Compliant

Not Shariah

Spectral AI, Inc. (MDAI) is Shariah compliant in the September 2026 AAOIFI screening, passing all four AAOIFI screens. Dividends are purified using a factor of 100%. Tabadulat re-screens MDAI monthly, and the status can change when new financial data arrives.

Sector:

Healthcare

Industry:

Medical Devices

Employees:

Website:

https://www.spectral-ai.com

Market cap:

$50M

P/E ratio:

29.7

Dividend yield:

52-week range:

$1.18 - $2.97

Data as of:

3 September 2026

Screening history:

September 2026: PASS

Spectral AI is a cutting-edge technology company that specializes in the development of advanced imaging systems and artificial intelligence applications. The primary function of Spectral AI is to transform medical diagnostics and clinical outcomes through its proprietary technology platform, which integrates imaging technologies with deep learning algorithms. Notable within the healthcare industry, this platform is particularly impactful in the diagnosis of burn wounds and chronic wounds, offering significant advancements over traditional methods. Before any of that matters to a Muslim investor, one question comes first: is Spectral AI stock Halal?

Is Spectral AI Shariah compliant?

Healthcare rarely troubles the activity screen; treating illness is permissible work. For Spectral AI, the AAOIFI Shariah Standard No. 21 verdict turns on the balance sheet instead: research is capital hungry, and interest bearing debt and investments must each stay below 30% of market capitalisation.

Does Spectral AI pass the business activity test?

Yes. In the September 2026 screening Spectral AI holds an overall PASS, which a stock only earns when its core business clears the activity screen. Treating illness is permissible work; the scrutiny belongs to the financing behind it.

Is Spectral AI's income Halal?

Yes, within AAOIFI's tolerance. Spectral AI's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of MDAI what share of each dividend to keep and what remainder to donate to charity.

Does Spectral AI meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has MDAI re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance

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