Is NVO halal?
Novo Nordisk A/S
Halal
Novo Nordisk A/S passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
38.83
Day
-0.99%
Market cap
$174.32B
Industry
Drug Manufacturers - General
Sector
Healthcare
What the company does
Novo Nordisk (Denmark) makes diabetes and obesity drugs: Ozempic, Wegovy (weight loss) and insulin. Revenue comes from drug sales; it produces a large share of the world's insulin.
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 $21.02B ÷ current market cap $174.32B = 12.1%
12.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.07B ÷ current market cap $174.32B = 4.0%
4.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $190.35M ÷ annual revenue $46.36B (2025) = 0.4%
0.4%
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.
For information (AAOIFI 3/1 note): cash + receivables are 25.8% 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
- 0.26% · #55 of 1454
- Held by funds
- SPWO 0.59%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $47.94
- Sarah KettererCauseway Capital Management$80.4M0.9%
- Lee AinslieMaverick Capital$79.3M0.7%
- Dodge & Cox Funds$977.8M0.5%
Exited this quarter: Francois Rochon
All superinvestor portfolios
Company story
Novo Nordisk tarixi: insulin va Ozempic qanday qilib Yevropaning eng qimmat kompaniyasini yaratdi va nega u keyin qulab tushdi
Read the story
Halal stocks in the same industry
The largest halal stocks in Drug Manufacturers - General — 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.