Is IOVA halal?
Iovance Biotherapeutics, Inc.
Halal
Iovance Biotherapeutics, 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
13.62
Day
-7.47%
Market cap
$6.59B
Industry
Biotechnology
Sector
Healthcare
What the company does
Iovance Biotherapeutics sells Amtagvi (a TIL cell therapy for melanoma made from the patient's own immune cells, approved 2024) and Proleukin. Its money comes from therapy 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 $0 ÷ 36-month average market cap $1.88B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $110.77M ÷ 36-month average market cap $1.88B = 5.9%
5.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $10.31M ÷ annual revenue $263.50M (2025) = 3.9%
3.9%
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: $6.59B.
For information (AAOIFI 3/1 note): cash + receivables are 41.5% 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
- Not in the S&P 500
- Among halal stocks
- 0.01% · #511 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Biotechnology — 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.