What is Everspin Technologies, Inc.'s Shariah compliance score?

Everspin Technologies, Inc. (MRAM) has a Shariah compliance score of 79/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Everspin Technologies, Inc. pass AAOIFI screening?

Everspin Technologies, Inc. (MRAM) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (MRAM: 0.0%), (3) interest-bearing deposits below 30% (MRAM: 6.8%), and (4) prohibited income below 5% (MRAM: 3.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Everspin Technologies, Inc. stock?

Everspin Technologies, Inc. (MRAM) has a non-permissible income ratio of 3.11%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MRAM shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Everspin Technologies, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Everspin Technologies, Inc. (MRAM) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MRAM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Everspin Technologies, Inc. (MRAM) halal? Halal. Based on AAOIFI screening, Everspin Technologies, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).

MRAM: Is Everspin Technologies, Inc. Halal?

Halal

Everspin Technologies, Inc.

NASDAQTechnologyUS

$27.85

+14.09%

AvoidBorderlineClean

Purify ~3.1% of income

About Everspin Technologies, Inc.

Everspin Technologies, Inc. is a global provider specializing in the development and distribution of advanced magnetoresistive random access memory (MRAM) products. The company's market reach extends across various international regions, including key territories like the United States, Hong Kong, Japan, China, and Canada. Its comprehensive product line encompasses Toggle MRAM, spin-transfer torque MRAM (STT-MRAM), and tunnel magneto resistance (TMR) sensor components, alongside offering foundry services for embedded MRAM solutions. These high-performance memory devices are deployed in a wide array of demanding applications, serving sectors such as data centers, industrial automation, medical technology, automotive and transportation systems, and the aerospace industry. Everspin supplies its offerings to both original equipment manufacturers (OEMs) and original design manufacturers (ODMs) through a combination of direct sales efforts and a robust network of representatives and distributors. The company, which was founded in 2008, is headquartered in Chandler, Arizona.

Sector: Technology · Industry: Semiconductors

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 16, 2026

B+

Good

Good compliance with minor concerns

79Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap0.0% / 30.0%

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 16, 2026Fiscal: Q1 2026Source: FMP

Purify Your MRAM Dividends

3.1% non-compliant income

MRAM has 3.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

653.0M

Price

$27.85

Sector

Technology

Industry

Semiconductors

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Frequently Asked Questions

Is Everspin Technologies, Inc. (MRAM) halal to invest in?

Based on AAOIFI Standard 21 screening, Everspin Technologies, Inc. (MRAM) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Everspin Technologies, Inc. get a B+ compliance rating?

Everspin Technologies, Inc. (MRAM) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 6.8% (limit 30%); prohibited income of 3.11% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Everspin Technologies, Inc.'s Shariah verdict?

Everspin Technologies, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Everspin Technologies, Inc. re-screened for Shariah compliance?

Everspin Technologies, Inc. (MRAM) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 16, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.