Is ALMR halal?
Alamar Biosciences, Inc.
Halal
Alamar Biosciences, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
25.28
Day
-7.80%
Market cap
$1.70B
Industry
Medical Devices
Sector
Healthcare
What the company does
Alamar Biosciences (IPO 2026) makes proteomics instruments: the ARGO system and NULISA reagents that measure very low-abundance protein biomarkers in blood (research use). Its money comes from instrument and consumables 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 $9.95M ÷ current market cap $1.70B = 0.6%
0.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $250.05M ÷ current market cap $1.70B = 14.7%
14.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.16M ÷ annual revenue $74.21M (2025) = 2.9%
2.9%
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.
For information (AAOIFI 3/1 note): cash + receivables are 69.2% 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
- Among halal stocks
- 0.00% · #807 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Medical Devices — for comparison.
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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.