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IOND · NASDAQ

Ionic Digital Inc.

Not compliant

Ionic Digital Inc. is not compliant. It fails the business-activity screen: interest-based financial services.

TickerIOND
ExchangeNASDAQ
SectorFinance Services
Not compliantIonic Digital Inc.IOND · NASDAQ
FailBusiness activity
permissible core business
n/aInterest income / revenue
limit 5%
n/aDebt / total assets
limit 33.33%
n/aCash / total assets
limit 33.33%

Data and sources.

ResultBusiness-activity test: the company's core business.
Financial ratiosNot shown: the company fails the business-activity test, so ratios do not change the result.
MethodAAOIFI Shariah Standard No. 21, business-activity screen. Purindex method v1 · how it works
Last updatedNot yet screened with financial data

Spotted a mistake? Report a data issue. Purindex publishes this screening to help people understand what they own. It does not recommend buying, selling or holding Ionic Digital Inc. or any other security.

Questions about Ionic Digital Inc..

Is Ionic Digital Inc. (IOND) stock halal?
Ionic Digital Inc. is not compliant. It fails the business-activity screen: interest-based financial services.
How does Purindex decide whether IOND is Shariah compliant?
The core business must be permissible, impure revenue must stay below 5% of total revenue, and interest-bearing debt and interest-bearing cash must each stay below 30% of market capitalisation. A company within 10% of a limit is marked doubtful. Until share prices are loaded, US, European and UK companies are checked against total assets (33.33% limits) using their official filings, and companies without verified data are marked insufficient data.
Should I buy Ionic Digital Inc. shares?
Purindex does not recommend buying, selling or holding Ionic Digital Inc. or any other security. It publishes screening information so you can check what you own. For a personal ruling, consult a qualified scholar.