Is Shoulder Innovations, Inc. SI stock halal to invest in?

No, as of August 2026, Shoulder Innovations, Inc. stock (SI) is not currently 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. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Shoulder Innovations, Inc. currently does not meet the threshold for the interest-bearing investments screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Shoulder Innovations, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Shoulder Innovations, Inc. SI reviewed for Shariah compliance?

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screening ensures the status shown for Shoulder Innovations, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Shoulder Innovations, Inc. stock (SI) 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. Shoulder Innovations, 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 Shoulder Innovations, Inc. SI pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Shoulder Innovations, Inc. stock (SI) does not pass 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. Shoulder Innovations, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Shoulder Innovations, Inc. SI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Shoulder Innovations, Inc. stock (SI) 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. Shoulder Innovations, 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 Shoulder Innovations, Inc. SI stock?

Shoulder Innovations, Inc. (SI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Shoulder Innovations, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Shoulder Innovations, Inc. SI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Shoulder Innovations, Inc. stock (SI) 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. Shoulder Innovations, 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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Shoulder Innovations, Inc.

NYSE

Shariah-Compliant

Not Shariah

About

Shoulder Innovations, Inc.

SI

Shoulder Innovations, Inc. is a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market through advanced implant systems for shoulder arthroplasty. Founded in 2009 and headquartered in Grand Rapids, Michigan, the company designs, develops, manufactures, and distributes innovative replacement systems, including its flagship InSet Glenoid technology, which reduces mechanical stress at the bone-implant interface to improve fixation, stability, and longevity. Its portfolio encompasses anatomic total shoulder arthroplasty (aTSA) and reverse total shoulder arthroplasty (rTSA) systems, complemented by ProVoyance preoperative planning software leveraging AI and machine learning for patient-specific 3D anatomical renderings, and a streamlined two-tray instrument system that enhances procedural efficiency across hospitals and ambulatory surgery centers. Shoulder Innovations supports surgeons with specialized education, customer experience teams, and distributor networks, addressing clinical challenges like predictability, simplicity, and cost-effectiveness in shoulder procedures. With a robust pipeline including expanded humeral stems and fracture indications, the company plays a pivotal role in the growing medical devices sector, backed by strong clinical evidence and high adoption rates.

Sector:

Healthcare

Industry:

Medical Devices

Employees:

Website:

https://www.shoulderinnovations.com

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Shoulder Innovations, Inc.

About

Shoulder Innovations, Inc.

SI

Frequently asked questions

Is Shoulder Innovations, Inc. SI stock halal to invest in?

How often is Shoulder Innovations, Inc. SI reviewed for Shariah compliance?

Does Shoulder Innovations, Inc. SI pass the AAOIFI Non Permissible Income criteria?

Does Shoulder Innovations, Inc. SI pass the AAOIFI Interest Bearing Investments criteria?

Does Shoulder Innovations, Inc. SI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Shoulder Innovations, Inc. SI stock?

Does Shoulder Innovations, Inc. SI pass the AAOIFI Preference Share screen?

Can I buy Shoulder Innovations (SI) stock on Tabadulat?

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