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IRIDEX

IRIX stock is Shariah-compliant

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About IRIDEX (IRIX)

IRIDEX is an ophthalmic medical technology company that provides therapeutic laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases. It offers laser consoles and delivery devices for various eye treatments, including glaucoma, diabetic macular edema, proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company serves ophthalmologists, hospitals, surgical centers, and veterinary practices worldwide through direct sales force and independent distributors.

Frequently asked questions

Is IRIDEX (IRIX) stock halal to invest in?
As of , IRIX is Shariah-compliant and therefore considered halal to invest in. This assessment is based on the data available in IRIDEX's most recent financial reports.
Does IRIDEX have any interest income?
No, IRIDEX has not reported any interest income. According to the company's latest annual report for the fiscal year ending Jan 03, 2026, IRIDEX reported total revenue of 52675000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if IRIDEX stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is IRIDEX stock reviewed for Shariah compliance?
The Shariah compliance status of IRIDEX stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on IRIDEX's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of IRIX, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from IRIDEX stock considered halal?
Yes, dividends from IRIX are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for IRIDEX (IRIX), check the Zoya app. For more details on the purification process, read our comprehensive guide.
Do I need to pay Zakat on my IRIDEX shares?
If you hold IRIDEX stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy IRIDEX (IRIX) stock on Zoya

  1. Sign up for a free Zoya account
    It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
  2. Link a brokerage account
    Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
  3. Decide how much to invest
    Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
  4. Manage your portfolio in one place
    You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.

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•  LENSAR (LNSR)

•  enVVeno Medical Corporation (NVNO)

•  RxSight (RXST)

•  Treace Medical Concepts (TMCI)

•  Pulmonx Corporation (LUNG)

Shariah compliance data powered by the Zoya API. Chart by TradingView
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