Is EW halal?
Edwards Lifesciences Corporatio
Halal
Edwards Lifesciences Corporatio 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
88.1
Day
+1.91%
Market cap
$49.22B
Industry
Medical Devices
Sector
Healthcare
What the company does
Edwards Lifesciences makes heart valves: catheter-delivered aortic valves (TAVR — Sapien, the bulk of revenue), surgical valves and mitral/tricuspid therapies. Its money comes from device sales to hospitals.
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 $704.40M ÷ 36-month average market cap $47.66B = 1.5%
1.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.50B ÷ 36-month average market cap $47.66B = 9.4%
9.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $168.80M ÷ annual revenue $6.07B (2025) = 2.8%
2.8%
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: $49.22B.
For information (AAOIFI 3/1 note): cash + receivables are 37.5% of total assets (2025-12-31). 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
- 0.08% weight · #220 of 503
- Among halal stocks
- 0.07% · #167 of 1454
- Held by funds
- SPUS 0.13% · HLAL 0.12%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $90.46
- David RolfeWedgewood Partners$14.9M3.1%
Exited this quarter: Viking Global Investors
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Medical Devices — 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 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.