Modular Medical, Inc. (MODD) is a development-stage medical device company specializing in insulin pumps for diabetes management. The business activity is Shariah-compliant, focusing on healthcare innovation without involvement in prohibited sectors. However, financial screening reveals non-compliance primarily due to an elevated liquidity ratio exceeding thresholds across major standards. The company maintains low debt and no identifiable non-permissible income, but insufficient granular data on income sources warrants caution. Overall, while the core business aligns with Islamic principles, quantitative financial criteria lead to non-compliance classification.