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Is AquaBounty Technologies (AQB) stock Halal?

NASDAQ
Shariah-Compliant
Not Shariah

As of the September 2026 screening, AquaBounty Technologies, Inc. (AQB) 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.

AquaBounty Technologies is a biotechnology company focused on enhancing productivity in the aquaculture industry. The company's primary function is to develop and commercialize innovative solutions, including genetically modified fish species designed to grow faster than conventional fish. This biotechnology leads to increased efficiency and reduced environmental impact in seafood production. For Muslim investors, though, the most pressing question is simpler: is AquaBounty Technologies a Halal investment?

Is AquaBounty Technologies Shariah compliant?

Food, household goods and everyday retail are permissible activities, with one watch item: incidental revenue from alcohol, tobacco or conventional financial services must stay below the 5% ceiling of AAOIFI Shariah Standard No. 21. For AquaBounty Technologies, that is usually the screen worth reading first.

Does AquaBounty Technologies pass the business activity test?

The activity screen is only part of the picture this month: AquaBounty Technologies currently fails the interest-bearing investments screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.

Is AquaBounty Technologies' income Halal?

Yes, within AAOIFI's tolerance. AquaBounty Technologies' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does AquaBounty Technologies 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.

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

Frequently asked questions

Is AquaBounty Technologies, Inc. AQB stock Halal to invest in?

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How often is AquaBounty Technologies, Inc. AQB reviewed for Shariah compliance?

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Does AquaBounty Technologies, Inc. AQB pass the AAOIFI Non Permissible Income criteria?

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Does AquaBounty Technologies, Inc. AQB pass the AAOIFI Interest Bearing Investments criteria?

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Does AquaBounty Technologies, Inc. AQB pass the AAOIFI Interest Bearing Debt criteria?

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What is the dividend purification factor for AquaBounty Technologies, Inc. AQB stock?

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Does AquaBounty Technologies, Inc. AQB pass the AAOIFI Preference Share screen?

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Shariah Compliant in core.

Screening follows AAOIFI Standard and overseen by our Shariah Supervisory Board.

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad
Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad
Ahmad Aijaz

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Salah Fahad
Al Shalhoob

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Masters in Fiqh and Usool ul Fiqh • 15+ years in GCC Islamic finance

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Irshad Ahmad Aijaz

Ph.D., Jamia Dar-ul-Uloom • Chairman, Shariah Advisory Committee, State Bank of Pakistan

Sheikh Dr. Salah Fahad Al Shalhoob

Sheikh Dr. Salah Fahad Al Shalhoob

Ph.D., University of Edinburgh • Assistant Professor, KFUPM

Page 1 of the Shariyah Review Bureau Opinion on Sharia Compliance issued to Tabadulat Limited, UID TBD-4392-02-02-07-25

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