Is BAX halal?
Baxter International Inc.
Not halal
Baxter International Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
25.76
Day
+3.87%
Market cap
$12.59B
Industry
Medical Instruments & Supplies
Sector
Healthcare
What the company does
Baxter makes medical products: infusion pumps, IV solutions, hospital equipment and surgical supplies. Revenue comes from hospital sales; its kidney-dialysis unit was sold in 2025.
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 $9.46B ÷ 36-month average market cap $15.17B = 62.3%
62.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.15B ÷ 36-month average market cap $15.17B = 14.2%
14.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $52.00M ÷ annual revenue $11.24B (2025) = 0.5%
0.5%
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: $12.59B.
For information (AAOIFI 3/1 note): cash + receivables are 20.2% 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
- 0.02% weight · #446 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 7 superinvestors · Average reported price: $21.32
- Richard PzenaPzena Investment Management$1.4B4.1%
- Hillman Capital Management$5.0M3.6%
- Greenhaven Associates$304.6M3.5%
- First Pacific Advisors$162.4M2.0%
- Dodge & Cox Funds$1.2B0.7%
- Tweedy Browne$202K0.0%
Halal stocks in the same industry
The largest halal stocks in Medical Instruments & Supplies — for comparison.
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- 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?
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.