Is AC Immune (ACIU) stock Halal?
As of the September 2026 screening, AC Immune SA (ACIU) does not meet the AAOIFI Shariah Standard No. 21 threshold for the interest-bearing investments screen, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
AC Immune is a Swiss biotechnology firm that specializes in the development of therapeutics aimed at preventing and treating neurodegenerative diseases. The company is at the forefront of combating conditions such as Alzheimer's and Parkinson's disease through its innovative pipeline of proprietary technology platforms. These platforms focus on targeting misfolded proteins that play a crucial role in the pathology of neurodegenerative disorders. Acimmune collaborates with major pharmaceutical companies to bolster its research and enhance the effectiveness of its therapeutic solutions. For Muslim investors, though, the most pressing question is simpler: is AC Immune a Halal investment?
Is AC Immune Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like AC Immune the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does AC Immune pass the business activity test?
The activity screen is only part of the picture this month: AC Immune currently fails the interest-bearing investments screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is AC Immune's income Halal?
Yes, within AAOIFI's tolerance. AC Immune's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does AC Immune meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing investments currently exceed the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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