Is BIO halal?
Bio-Rad Laboratories, Inc.
Halal
Bio-Rad Laboratories, 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
NYSE
Price
364.82
Day
+0.66%
Market cap
$9.89B
Industry
Medical Devices
Sector
Healthcare
What the company does
Bio-Rad makes lab instruments and reagents (PCR, protein analysis) and clinical diagnostics (blood-transfusion testing, diabetes). It holds a large stake in Sartorius; its money comes from instrument/reagent 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 $1.20B ÷ 36-month average market cap $7.97B = 15.1%
15.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.62B ÷ 36-month average market cap $7.97B = 20.3%
20.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $95.50M ÷ annual revenue $2.58B (2025) = 3.7%
3.7%
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: $9.89B.
For information (AAOIFI 3/1 note): cash + receivables are 20.1% 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
- Among halal stocks
- 0.01% · #428 of 1455
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $293.61
- John RogersAriel Investments$239.8M2.4%
- First Pacific Advisors$118.0M1.5%
- First Eagle Investment Management$1.5B1.3%
Exited this quarter: Mason Hawkins
All superinvestor portfoliosHalal 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.