Is AFYA halal?
Afya Limited
Not halal
Afya Limited did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
14.53
Day
+0.07%
Market cap
$1.31B
Industry
Education & Training Services
Sector
Consumer Defensive
What the company does
Afya (Brazil) runs a network of medical schools and continuing-education courses for doctors in Brazil, plus apps for physicians. Money comes from tuition and course fees.
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 $623.01M ÷ current market cap $1.31B = 47.4%
47.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $201.10M ÷ current market cap $1.31B = 15.3%
15.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $37.56M ÷ annual revenue $738.71M (2025) = 5.1%
5.1%
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.
For information (AAOIFI 3/1 note): cash + receivables are 20.2% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $14.84
- Dodge & Cox Funds$761K0.0%
Halal stocks in the same industry
The largest halal stocks in Education & Training Services — for comparison.
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- 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.