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AAOIFI No. 21 screening

Is VRXA halal?

Veraxa Biotech AG

Halal

Veraxa Biotech AG passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 14 October 2026

Exchange

NASDAQ

Price

1.11

Day

+0.91%

Market cap

$162.8M

Industry

Biotechnology

Sector

Healthcare

What the company does

Veraxa Biotech (Germany) is an oncology biotech developing antibody-drug conjugates and T-cell engagers (an acute myeloid leukemia program in the clinic). No commercial product or revenue.

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 $2.55M ÷ 36-month average market cap $1.46B = 0.2%

    0.2%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $1.93M ÷ 36-month average market cap $1.46B = 0.1%

    0.1%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

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. Today's market cap: $162.76M.

For information (AAOIFI 3/1 note): cash + receivables are 3.5% 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
Among halal stocks
0.00% · #1144 of 1454

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The largest halal stocks in Biotechnology — for comparison.

Related articles

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.