Is INCY halal?
Incyte Corporation
Not halal
Incyte Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
113.07
Day
-0.18%
Market cap
$22.57B
Industry
Biotechnology
Sector
Healthcare
What the company does
Incyte is a biotech whose main product is Jakafi (a drug for bone-marrow disorders), plus Opzelura cream (eczema, vitiligo). Revenue comes from drug sales and royalties.
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 $38.27M ÷ 36-month average market cap $14.92B = 0.3%
0.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.54B ÷ 36-month average market cap $14.92B = 30.4%
30.4%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $105.60M ÷ annual revenue $5.14B (2025) = 2.0%
2.0%
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: $22.57B.
For information (AAOIFI 3/1 note): cash + receivables are 71.9% 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
- 0.03% weight · #389 of 503
- Held by funds
- SPUS 0.05%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $113.36
- Harry BurnSound Shore$85.9M2.6%
- Dodge & Cox Funds$1.4B0.7%
Halal stocks in the same industry
The largest halal stocks in Biotechnology — 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.