Is PHAT halal?
Phathom Pharmaceuticals, Inc.
Halal
Phathom Pharmaceuticals, Inc. 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
6.92
Day
-7.73%
Market cap
$576.4M
Industry
Biotechnology
Sector
Healthcare
What the company does
Phathom Pharmaceuticals sells Voquezna (a new class of drug for acid reflux/erosive esophagitis and H. pylori) — all of its revenue. 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 $164.59M ÷ 36-month average market cap $750.97M = 21.9%
21.9%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $182.48M ÷ 36-month average market cap $750.97M = 24.3%
24.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $7.04M ÷ annual revenue $175.11M (2025) = 4.0%
4.0%
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: $576.42M.
For information (AAOIFI 3/1 note): cash + receivables are 85.6% 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% · #979 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Biotechnology — 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.