Is PHR halal?
Phreesia, Inc.
Halal
Phreesia, Inc. 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
10.97
Day
-0.63%
Market cap
$676.9M
Industry
Health Information Services
Sector
Healthcare
What the company does
Phreesia is a patient-intake platform for clinics: online check-in, insurance verification and payments, plus patient-facing content for pharma companies. Its money comes from subscriptions, payment processing and life-sciences clients.
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 $66.45M ÷ 36-month average market cap $1.17B = 5.7%
5.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $72.94M ÷ 36-month average market cap $1.17B = 6.3%
6.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.17M ÷ annual revenue $480.59M (2026) = 0.5%
0.5%
Pass
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: $676.88M.
For information (AAOIFI 3/1 note): cash + receivables are 32.0% 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
- Not in the S&P 500
- Among halal stocks
- 0.00% · #960 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Health Information Services — 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.