Is ALHC halal?
Alignment Healthcare, Inc.
Not halal
Alignment Healthcare, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NASDAQ
Price
8.28
Day
+1.60%
Market cap
$1.70B
Industry
Healthcare Plans
Sector
Healthcare
What the company does
Alignment Healthcare sells Medicare Advantage plans for seniors, tracking patients with its AVA technology platform, mainly in California and a few other states. Revenue comes from government-paid premiums.
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
Prohibited activity: Healthcare Plans
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $330.50M ÷ 36-month average market cap $2.81B = 11.8%
11.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $701.71M ÷ 36-month average market cap $2.81B = 25.0%
25.0%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $1.70B.
For information (AAOIFI 3/1 note): cash + receivables are 78.1% 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
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Halal is the first question. The second: when to enter?
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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.