Is ADC Therapeutics (ADCT) stock Halal?
As of the September 2026 screening, ADC Therapeutics SA (ADCT) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income and interest-bearing investments screens, 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.
ADC Therapeutics is a biotechnology company engaged in developing and commercializing antibody-drug conjugates (ADCs) for the treatment of hematological cancers and solid tumors. The primary goal of ADC Therapeutics is to address major unmet medical needs by harnessing the potency of targeted drug delivery. By combining the targeting capability of monoclonal antibodies with the cancer-killing effects of potent cytotoxic drugs, the company's ADCs aim to selectively attack cancer cells while minimizing damage to healthy tissues. For Muslim investors, though, the most pressing question is simpler: is ADC Therapeutics a Halal investment?
Is ADC Therapeutics 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 ADC Therapeutics 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 ADC Therapeutics pass the business activity test?
The activity screen is only part of the picture this month: ADC Therapeutics currently fails the non-permissible income and interest-bearing investments screens, 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 ADC Therapeutics' income Halal?
No. ADC 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 ADC Therapeutics 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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