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Halal screening by industry

Halal Biotechnology stocks

There are 592 listed US companies in Biotechnology: 81 of them (14%) pass AAOIFI screening, 427 are not halal, 67 are doubtful and 17 lack enough data. The industry belongs to the Healthcare sector.

Companies in this industry — screening result

  • Halal81 · 14%
  • Not halal427 · 72%
  • Doubtful67 · 11%
  • Not enough data17 · 3%

592 listed companies in total

Not halal — by reason

427 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.

  • Cash & investments ≥ 30%351 · 82%
  • Interest (non-compliant) income ≥ 5%48 · 11%
  • Interest-bearing debt ≥ 30% (of market cap)42 · 10%
  • Other (collapsed market cap, no revenue, etc.)12 · 3%

This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology

Largest halal stocks — Biotechnology

The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.

#CompanyMarket capPriceDebtCashInterest income
1Vertex Pharmaceuticals IncorporVRTX$124.91B499.740.012.04.1
2argenx SEARGX$51.83B819.140.113.93.9
3BeOne Medicines Ltd.ONC$42.42B369.063.818.11.3
4Alnylam Pharmaceuticals, Inc.ALNY$30.41B231.832.78.83.0
5Insmed IncorporatedINSM$21.09B96.273.06.20.0
6Exelixis, Inc.EXEL$15.63B62.230.014.23.0
7Ascendis Pharma A/SASND$14.94B225.254.78.52.1
8Corcept Therapeutics IncorporatCORT$13.14B110.160.09.22.9
9BridgeBio Pharma, Inc.BBIO$13.13B66.3928.48.34.0
10Bio-Techne CorpTECH$11.37B72.571.92.60.3
11ImmunityBio, Inc.IBRX$10.72B9.1820.19.32.4
12Madrigal Pharmaceuticals, Inc.MDGL$10.63B449.744.210.33.9
13Twist Bioscience CorporationTWST$9.43B132.750.08.63.0
14Caris Life Sciences, Inc.CAI$8.72B30.566.012.12.0
15TG Therapeutics, Inc.TGTX$8.55B53.9715.913.1—
16Axsome Therapeutics, Inc.AXSM$8.54B157.143.35.2—
17Ionis Pharmaceuticals, Inc.IONS$7.14B42.9416.124.6—
18Iovance Biotherapeutics, Inc.IOVA$6.59B13.620.05.93.9
19Mirum Pharmaceuticals, Inc.MIRM$5.25B80.1424.414.32.4
20Legend Biotech CorporationLEGN$3.83B18.487.325.33.9
21Telix Pharmaceuticals LimitedTLX$3.63B10.6914.07.00.7
22Tarsus Pharmaceuticals, Inc.TARS$3.40B68.073.722.83.5
23Arcutis Biotherapeutics, Inc.ARQT$3.35B28.825.812.72.4
24ACADIA Pharmaceuticals Inc.ACAD$3.24B19.120.026.83.0
25ADMA Biologics IncADMA$2.33B10.686.24.30.4
26Pharvaris N.V.PHVS$2.06B27.740.125.9—
27Vericel CorporationVCEL$2.05B40.130.010.92.5
28Sarepta Therapeutics, Inc.SRPT$1.87B17.112.311.41.7
29Mesoblast LimitedMESO$1.81B13.288.53.13.3
30Biohaven Ltd.BHVN$1.72B10.789.59.8—

Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.

The other 51 halal stocks — in the screener

The public page is a sample. The screener filters by industry, sector and halal status: sort every Biotechnology stock by 40+ metrics (P/E, margins, growth, technicals).

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Parent sector

All halal stocks in Healthcare

Other industries in Healthcare

Frequently asked questions

Which Biotechnology stocks are halal?
According to our AAOIFI-based screening, 81 of 592 listed Biotechnology companies are halal. The largest by market cap: Vertex Pharmaceuticals Incorpor (VRTX), argenx SE (ARGX), BeOne Medicines Ltd. (ONC), Alnylam Pharmaceuticals, Inc. (ALNY), Insmed Incorporated (INSM). Each company's ratios are on its stock page.
Why are some Biotechnology companies not halal?
427 companies in this industry are currently not halal. Reasons (one company can fail for several): Cash & investments ≥ 30% — 351; Interest (non-compliant) income ≥ 5% — 48; Interest-bearing debt ≥ 30% (of market cap) — 42; Other (collapsed market cap, no revenue, etc.) — 12.
Which sector does Biotechnology belong to?
Biotechnology is an industry within the Healthcare sector. Other industries there with a halal list: Medical Devices, Medical Instruments & Supplies, Diagnostics & Research, Drug Manufacturers - Specialty & Generic, Health Information Services, Medical Care Facilities, Drug Manufacturers - General, Medical Distribution.
Is this a fatwa or investment advice?
No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
How often are the results updated?
Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.