Is NVS halal?
Novartis AG
Halal
Novartis AG 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
150.38
Day
+2.38%
Market cap
$276.70B
Industry
Drug Manufacturers - General
Sector
Healthcare
What the company does
Novartis (Switzerland) is a drug maker: Entresto (heart), Cosentyx (immunology), Kisqali (cancer), Kesimpta, Pluvicto and Leqvio. The Sandoz generics unit was spun off in 2023; 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 $49.01B ÷ 36-month average market cap $236.54B = 20.7%
20.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $9.99B ÷ 36-month average market cap $236.54B = 4.2%
4.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $373.00M ÷ annual revenue $56.67B (2025) = 0.7%
0.7%
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: $276.70B.
For information (AAOIFI 3/1 note): cash + receivables are 14.4% 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
- 0.41% · #33 of 1454
- Held by funds
- SPWO 1.29%
- Dividend
- 3.28% · purify 0.7% · net 3.25%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 5 superinvestors · Average reported price: $156.72
- Tweedy Browne$11.1M0.8%
- Kahn Brothers Group$2.1M0.3%
- Dodge & Cox Funds$119.0M0.1%
- Lee AinslieMaverick Capital$4.4M0.0%
- Sarah KettererCauseway Capital Management$235K0.0%
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.