Is LQDA halal?
Liquidia Corporation
Halal
Liquidia Corporation 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
34.35
Day
-1.24%
Market cap
$3.11B
Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
What the company does
Liquidia sells Yutrepia (a dry-powder inhaled treatment for pulmonary arterial hypertension, approved 2025) — its main product. Its money comes from prescription-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 $176.10M ÷ 36-month average market cap $2.03B = 8.7%
8.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $284.18M ÷ 36-month average market cap $2.03B = 14.0%
14.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $6.62M ÷ annual revenue $158.32M (2025) = 4.2%
4.2%
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: $3.11B.
For information (AAOIFI 3/1 note): cash + receivables are 75.3% 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
- Among halal stocks
- 0.00% · #675 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Drug Manufacturers - Specialty & Generic — 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.