Is TNYA halal?
Tenaya Therapeutics, Inc.
Not halal
Tenaya Therapeutics, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 14 October 2026
Exchange
NASDAQ
Price
0.3807
Day
-6.78%
Market cap
$85.2M
Industry
Biotechnology
Sector
Healthcare
What the company does
Tenaya Therapeutics develops gene therapies for heart disease (TN-201 for hypertrophic cardiomyopathy, TN-401 for ARVC). No revenue; in trials.
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 $0 ÷ 36-month average market cap $184.11M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $78.08M ÷ 36-month average market cap $184.11M = 42.4%
42.4%
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. Today's market cap: $85.21M.
For information (AAOIFI 3/1 note): cash + receivables are 83.9% 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 Biotechnology — for comparison.
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Halal is the first question. The second: when to enter?
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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.