Is MDT halal?
Medtronic plc.
Halal
Medtronic plc. 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
NYSE
Price
95.45
Day
+1.29%
Market cap
$118.38B
Industry
Medical Devices
Sector
Healthcare
What the company does
Medtronic (Ireland) is the world's largest medical-device company: pacemakers and stents, insulin pumps, surgical tools, spine and neurology implants. Its money comes from device sales to hospitals.
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 $28.15B ÷ 36-month average market cap $111.37B = 25.3%
25.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $8.82B ÷ 36-month average market cap $111.37B = 7.9%
7.9%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-07-31), 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: $118.38B.
For information (AAOIFI 3/1 note): cash + receivables are 16.3% of total assets (2026-07-31). 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
- 0.18% weight · #101 of 503
- Among halal stocks
- 0.17% · #81 of 1454
- Held by funds
- SPUS 0.32% · HLAL 0.31%
- Dividend
- 3.06% · no purification data
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 7 superinvestors · Average reported price: $78.32
- David KatzMatrix Asset Advisors$36.8M3.0%
- Harry BurnSound Shore$65.6M2.0%
- First Eagle Investment Management$2.2B1.8%
- Richard PzenaPzena Investment Management$246.3M0.7%
- Dodge & Cox Funds$616.1M0.3%
- Hillman Capital Management$446K0.3%
Exited this quarter: Polen Capital Management
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Medical Devices — 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.