Is ALC halal?

What the company does

Alcon (Switzerland) is an eye-care company: cataract-surgery equipment and intraocular lenses (surgical — the largest unit), contact lenses (Dailies, Total) and eye drops. Its money comes from device and lens sales.

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 $5.30B ÷ 36-month average market cap $40.89B = 12.9%

  12.9%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $2.22B ÷ 36-month average market cap $40.89B = 5.4%

  5.4%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $74.00M ÷ annual revenue $10.40B (2025) = 0.7%

  0.7%

  Pass

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. Today's market cap: $30.67B.

For information (AAOIFI 3/1 note): cash + receivables are 11.4% 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

Among halal stocks

0.04% · #224 of 1454

Held by funds

UMMA 0.34%

Dividend

0.56% · purify 0.7% · net 0.56%