Is Picard Medical, Inc. PMI stock halal to invest in?

Yes, as of August 2026, Picard Medical, Inc. stock (PMI) 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. Picard Medical, 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 Picard Medical, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Picard Medical, Inc. PMI reviewed for Shariah compliance?

Tabadulat reviews Picard Medical, Inc. PMI 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 Monthly screening ensures the status shown for Picard Medical, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Picard Medical, Inc. PMI pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Picard Medical, Inc. stock (PMI) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Picard Medical, Inc.'s income from non-permissible sources is currently within this 5% threshold. 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 Picard Medical, Inc. PMI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Picard Medical, Inc. stock (PMI) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Picard Medical, Inc.'s interest-bearing investments are currently within the 30% threshold. 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 Picard Medical, Inc. PMI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Picard Medical, Inc. stock (PMI) 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. Picard Medical, 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 Picard Medical, Inc. PMI stock?

As of August 2026, the dividend purification factor for Picard Medical, Inc. (PMI) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Picard Medical, Inc. dividends. It 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 Picard Medical, Inc. PMI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Picard Medical, Inc. stock (PMI) 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. Picard Medical, 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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Picard Medical, Inc.

NYSE

Shariah-Compliant

Not Shariah

PMI

About

Picard Medical, Inc.

PMI

Picard Medical, Inc. is a healthcare equipment company specializing in the development, manufacturing, and commercialization of advanced medical device solutions, with a primary focus on cardiac care. Its core product is the implantable SynCardia Total Artificial Heart, which is designed to temporarily replace the full function of a human heart in patients suffering from end-stage heart failure. This total artificial heart is the only system of its kind approved by both the U.S. Food and Drug Administration and Health Canada, and it is recognized globally as the most widely used and clinically studied artificial heart technology. Over 2,100 SynCardia systems have been implanted across 27 countries, serving as a critical bridge to heart transplantation for those with severe biventricular failure. As the parent company of SynCardia Systems, LLC, Picard Medical, Inc. plays a vital role in advancing life-saving cardiac technologies and addressing the needs of patients with advanced heart disease. Its innovative products underpin its significance within the medical devices sector, contributing to major advancements in artificial organ technology and modern cardiovascular treatment.

Sector:

Healthcare

Industry:

Medical Devices

Employees:

Website:

https://www.syncardia.com

PMI

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Picard Medical, Inc.

About

Picard Medical, Inc.

PMI

Frequently asked questions

Is Picard Medical, Inc. PMI stock halal to invest in?

How often is Picard Medical, Inc. PMI reviewed for Shariah compliance?

Does Picard Medical, Inc. PMI pass the AAOIFI Non Permissible Income criteria?

Does Picard Medical, Inc. PMI pass the AAOIFI Interest Bearing Investments criteria?

Does Picard Medical, Inc. PMI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Picard Medical, Inc. PMI stock?

Does Picard Medical, Inc. PMI pass the AAOIFI Preference Share screen?

How do I buy Picard Medical (PMI) stock?

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