Is TMO halal?

What the company does

Thermo Fisher Scientific supplies lab equipment, reagents, analytical instruments and drug-manufacturing services (Patheon). Customers are pharma, biotech, hospitals and universities; its money comes from product sales and services.

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 $42.55B ÷ 36-month average market cap $198.45B = 21.4%

  21.4%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $4.06B ÷ 36-month average market cap $198.45B = 2.0%

  2.0%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $993.00M ÷ annual revenue $44.56B (2025) = 2.2%

  2.2%

  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: $249.61B.

For information (AAOIFI 3/1 note): cash + receivables are 13.4% 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

0.38% weight · #44 of 503

Among halal stocks

0.37% · #40 of 1455

Held by funds

SPUS 0.64%

Dividend

0.27% · purify 2.2% · net 0.27%