Is RDHL halal?
Redhill Biopharma Ltd.
Not halal
Redhill Biopharma Ltd. did not pass AAOIFI screening. The failed check is shown below.
Checked: 14 October 2026
Exchange
NASDAQ
Price
0.4801
Day
-3.81%
Market cap
$4.4M
Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
What the company does
RedHill Biopharma (Israel) is a specialty pharma that sells Talicia (H. pylori infection) and previously Movantik; revenue is now small while it develops opaganib (antiviral/oncology) and other candidates. It exited heavy debt and has reverse-split many times.
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 $1.07M ÷ current market cap $4.42M = 24.2%
24.2%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.97M ÷ current market cap $4.42M = 89.8%
89.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $23K ÷ annual revenue $286K (2025) = 8.0%
8.0%
Fail
Figures from the company's filings (2025-12-31), 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.
For information (AAOIFI 3/1 note): cash + receivables are 25.4% of total assets (2025-12-31). 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
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Drug Manufacturers - Specialty & Generic — for comparison.
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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.