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AAOIFI No. 21 screening

Is LENZ halal?

LENZ Therapeutics, Inc.

Not halal

LENZ Therapeutics, Inc. did not pass AAOIFI screening. The failed check is shown below.

Checked: 10 October 2026

Exchange

NASDAQ

Price

3.645

Day

+3.26%

Market cap

$114.5M

Industry

Biotechnology

Sector

Healthcare

What the company does

LENZ Therapeutics developed an eye drop for age-related near-vision loss (presbyopia): aceclidine, branded VIZZ, approved in 2025. Revenue is just starting from drug 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 $551.61M = 0.0%

    0.0%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $220.00M ÷ 36-month average market cap $551.61M = 39.9%

    39.9%

    Fail

  • Non-compliant income / total revenue

    limit 5%

    Interest income $9.76M ÷ annual revenue $19.09M (2025) = 51.1%

    51.1%

    Fail

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: $114.53M.

For information (AAOIFI 3/1 note): cash + receivables are 93.2% 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

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The largest halal stocks in Biotechnology — for comparison.

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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.

Earnings historyLENZ's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →