
Is Alphatec (ATEC) stock Halal?
September 2026 AAOIFI screening result for Alphatec Holdings, Inc. (ATEC): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 100%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Alphatec is a medical technology company that specializes in the design, development, and commercialization of innovative solutions for spinal disorder treatment. The company's primary function is to provide physicians with advanced surgical tools and systems aimed at improving outcomes for patients requiring spinal surgeries. Significant for its focus on minimally invasive surgery, Alphatec Holdings develops a comprehensive suite of products, including implants and surgical instruments tailored for various spinal pathologies. Before any of that matters to a Muslim investor, one question comes first: is Alphatec stock Halal?
Is Alphatec Shariah compliant?
Healthcare rarely troubles the activity screen; treating illness is permissible work. For Alphatec, the AAOIFI Shariah Standard No. 21 verdict turns on the balance sheet instead: research is capital hungry, and interest bearing debt and investments must each stay below 30% of market capitalisation.
Does Alphatec pass the business activity test?
Yes. In the September 2026 screening Alphatec holds an overall PASS, which a stock only earns when its core business clears the activity screen. Treating illness is permissible work; the scrutiny belongs to the financing behind it.
Is Alphatec's income Halal?
Yes, within AAOIFI's tolerance. Alphatec's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of ATEC what share of each dividend to keep and what remainder to donate to charity.
Does Alphatec 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 ATEC 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 What is Halal Investing? A Guide to Halal Stocks and Islamic Finance



