Is PIII halal?
P3 Health Partners Inc.
Not halal
P3 Health Partners Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
4.14
Day
+0.00%
Market cap
$16.6M
Industry
Medical Care Facilities
Sector
Healthcare
What the company does
P3 Health Partners is a value-based primary-care organization for Medicare Advantage patients: it runs a physician network and takes per-patient payments from insurers to manage care. Its money comes from insurance payments.
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 $120.27M ÷ current market cap $16.63M = 723.4%
723.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $21.27M ÷ current market cap $16.63M = 128.0%
128.0%
Fail
Non-compliant income / total revenue
limit 5%
—
No data
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 25.4% 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
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Medical Care Facilities — for comparison.
Related articles
- ResearchMentions PIIISPAC mergers and splits: why halal screening can go wrongAfter a reverse split or a SPAC merger the market cap can inflate many times over and an indebted company can look "halal". How we catch these errors.
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
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.