
Is Aclaris Therapeutics (ACRS) stock Halal?
September 2026 AAOIFI screening result for Aclaris Therapeutics, Inc. (ACRS): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Aclaris Therapeutics, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Aclaris Therapeutics is a biopharmaceutical company focused on developing innovative therapies to address unmet needs in dermatology, immunology, and neurology. The company's primary objective is to discover and develop novel drug candidates that can be game-changers in treating conditions with limited treatment options. Notable for its pipeline of compounds targeting immuno-inflammatory regulatory mechanisms, Aclaris aims to bring new solutions to chronic skin conditions like psoriasis and vitiligo, as well as broader autoimmune disorders. Before any of that matters to a Muslim investor, one question comes first: is Aclaris Therapeutics stock Halal?
Is Aclaris Therapeutics Shariah compliant?
The Shariah case on a technology company like Aclaris Therapeutics is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does Aclaris Therapeutics pass the business activity test?
The activity screen is only part of the picture this month: Aclaris Therapeutics currently fails the non-permissible income 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 Aclaris Therapeutics' income Halal?
No. Aclaris Therapeutics' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Aclaris Therapeutics meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has ACRS re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read Why a Halal Stock Screener Matters for Halal Investing



