Is ASND halal?
Ascendis Pharma A/S
Halal
Ascendis Pharma A/S passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
225.25
Day
-0.60%
Market cap
$14.94B
Industry
Biotechnology
Sector
Healthcare
What the company does
Ascendis Pharma (Denmark) is a biotech selling Skytrofa (weekly growth hormone for children) and Yorvipath (hypoparathyroidism), built on its TransCon technology. Its money comes from prescription-drug 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 $504.62M ÷ 36-month average market cap $10.69B = 4.7%
4.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $910.71M ÷ 36-month average market cap $10.69B = 8.5%
8.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $17.16M ÷ annual revenue $807.41M (2025) = 2.1%
2.1%
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: $14.94B.
For information (AAOIFI 3/1 note): cash + receivables are 45.3% 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
- 0.02% · #333 of 1454
- 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 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.