EXHIBIT 31.2

CERTIFICATION PURSUANT TO
SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002

I, David Frankel, Chief
Financial Officer certify that:

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|1. | I have reviewed this
  quarterly report on Form 10-Q for the period ended September 30, 2008 of
  Daxor Corporation (the Registrant);                                                                                                                                                                                                        
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|2. | Based on my knowledge,
  this report does not contain any untrue statement of a material fact or omit
  to state a material fact  necessary to make the statements made, in
  light of the circumstances under which such statements were made, not  misleading
  with respect to the period covered by this report;                         
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|3. | Based on my knowledge, the
  financial statements, and other financial information included in this
  report, fairly present in
  all material respects the financial condition, results of operations and cash
  flows of the registrant as of, and for,  the periods presented in
  this report;                                           
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|4. | The registrants other
  certifying officer and I are responsible for establishing and maintaining
  disclosure controls and  procedures (as defined in Exchange Act
  Rules 13a-15(e) and 15d-15(e)and internal control over financial reporting  (as
  defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and
  have:
|   |                                                                                                                                                                                                                                                                                                                                               |     |                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                               | (a) | Designed such disclosure
  controls and procedures, or caused such disclosure controls and procedures to
  be designed  under our supervision, to ensure that
  material information relating to the Registrant, including its consolidated  subsidiaries,
  is made known to us by others within those entities, particularly during the
  period in which this  quarterly report is being prepared;
|   |                                                                                                                                                                                                                                                                                                                                               |     |                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                               | (b) | Designed such internal
  control over financial reporting, or caused such internal control over
  financial reporting to  be designed under our supervision, to
  provide reasonable assurance regarding the reliability of financial reporting
   and the preparation of financial statements for external purposes in
  accordance with generally accepted accounting principles.                  
|   |                                                                                                                                                                                                                                                                                                                                               |     |                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                               | (c) | Evaluated the
  effectiveness of the Registrants disclosure controls and procedures and
  presented in this report our  conclusions about the effectiveness of the
  disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
  and                                                                                                         
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|   |                                                                                                                                                                                                                                                                                                                                               | (d) | Disclosed in this report any
  change in the Registrants internal control over financial reporting that
  occurred during  the registrants most recent fiscal quarter
  that has materially affected, or is reasonably likely to materially affect,
  the  Registrants internal control over financial reporting; and                                                                             
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|5. | The Registrants other
  certifying officer and I have disclosed, based on our most recent evaluation
  of internal control over  financial reporting, to the Registrants
  auditors and the audit committee of the Registrants Board of Directors(or persons performing the equivalent
  functions):                                      
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|   |                                                                                                                                                                                                                                                                                                                                               | (a) | All significant
  deficiencies and material weaknesses in the design or operation of internal
  control over financial  reporting which are reasonably likely to
  adversely affect the Registrants ability to record, process, summarize  and
  report financial information; and                                                                                                                  
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|   |                                                                                                                                                                                                                                                                                                                                               | (b) | Any fraud, whether or not
  material, that involves management or other employees who have a significant
  role in the  Registrants internal control over financial
  reporting.                                                                                                                                                                                                                    

Date: November 12, 2008

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| | -----------------------
| | /s/ David Frankel      
| |                        
| | David Frankel          
| | Chief Financial Officer

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