Anika Therapeutics, Inc. (ANIK) is a Shariah-compliant investment opportunity in the medical devices sector, with inclusion in all major Islamic indices despite a minor liquidity threshold issue under AAOIFI standards. The company's focus on halal orthopedic care products supports strong business activity compliance, while financial ratios are generally favorable. Purification of 1.55% is required for incidental interest income. Overall, ANIK offers a quality AA-rated compliant stock for Islamic portfolios.