Is ILMN halal?
Illumina, Inc.
Halal
Illumina, 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
NASDAQ
Price
262.54
Day
-2.01%
Market cap
$41.23B
Industry
Diagnostics & Research
Sector
Healthcare
What the company does
Illumina is the leader in DNA sequencing: genome-reading instruments (NovaSeq) and their reagents. Customers are research centers and clinical labs; its money comes from consumables and instrument 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 $1.99B ÷ 36-month average market cap $19.10B = 10.4%
10.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.16B ÷ 36-month average market cap $19.10B = 6.0%
6.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $40.00M ÷ annual revenue $4.34B (2025) = 0.9%
0.9%
Pass
Figures from the company's filings (2026-03-31), 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: $41.23B.
For information (AAOIFI 3/1 note): cash + receivables are 28.9% of total assets (2026-03-31). 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
- 0.06% weight · #265 of 503
- Among halal stocks
- 0.06% · #188 of 1454
- Held by funds
- SPUS 0.10% · HLAL 0.09%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $175.83
Exited this quarter: Triple Frond Partners
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Diagnostics & Research — 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.