Is ADRX halal?
ADARx Pharmaceuticals, Inc.
Not halal
ADARx Pharmaceuticals, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NASDAQ
Price
17.65
Day
-0.28%
Market cap
$1.92B
Industry
Biotechnology
Sector
Healthcare
What the company does
ADARx Pharmaceuticals is a clinical-stage biotech developing siRNA (gene-silencing) drugs: three clinical programs for complement-mediated diseases, hereditary angioedema and thrombosis, plus early programs in obesity and Alzheimer's. No commercial product or revenue; funded by investors (September 2026 IPO).
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $6.90M ÷ current market cap $1.92B = 0.4%
0.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $427.25M ÷ current market cap $1.92B = 22.2%
22.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $13.64M ÷ annual revenue $3.45M (2025) = 395.5%
395.5%
Fail
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Biotechnology — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.