AUID
Quality Rating
authID Inc. (AUID) operates in the Software - Infrastructure industry, providing biometric identity verification and payment processing solutions. While the core business activities are generally permissible under Shariah principles, the company fails financial screening due to a high interest income ratio of 45.83%, exceeding the 5% threshold across major standards. Debt and liquidity ratios are compliant, and no significant non-permissible business activities were identified. ESG factors show low risk with strong governance and no major controversies. Overall, the stock is non-compliant based on index exclusions, requiring full purification of dividends.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Interest income ratio of 45.83% exceeds 5% threshold, indicating significant riba exposure from payment processing activities
Debt Ratio
0.0%
Liquidity Ratio
5.8%
Interest Income Ratio
45.8%
Purification
45.83%