Is ANIX halal?
Anixa Biosciences, Inc.
Doubtful
No clear verdict is possible for Anixa Biosciences, Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NASDAQ
Price
2.67
Day
-3.96%
Market cap
$94.4M
Industry
Biotechnology
Sector
Healthcare
What the company does
Anixa Biosciences develops breast and ovarian cancer vaccines (with Cleveland Clinic) and a CAR-T therapy (with Moffitt), in early clinical stages. Pre-revenue.
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 $0 ÷ 36-month average market cap $108.13M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $13.86M ÷ 36-month average market cap $108.13M = 12.8%
12.8%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-07-31), 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: $94.38M.
For information (AAOIFI 3/1 note): cash + receivables are 94.4% of total assets (2025-10-31). 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
Halal stocks in the same industry
The largest halal stocks in Biotechnology — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- 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?
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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.