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Is argenx (ARGX) stock Halal?

NASDAQ
Shariah-Compliant
Not Shariah

Verdict for argenx (ARGX): Shariah compliant (PASS). Screened October 2026 under AAOIFI Shariah Standard No. 21. Business activity: pass. Non-permissible income: pass. Interest-bearing investments: pass. Interest-bearing debt: pass. Preference shares: pass. Dividend purification factor: 96.28%. Next review: November 2026.

argenx is a financial instrument designed to facilitate the trading of shares of Argenx SE, a biotechnology company, on U.S. stock exchanges. The primary function of this ADR is to provide American investors with the ability to invest in Argenx without dealing with the complexities of foreign markets. It allows U.S. investors to receive dividends and capital gains in U.S. dollars. For Muslim investors, though, the most pressing question is simpler: is argenx a Halal investment?

Is argenx 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 argenx 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 argenx pass the business activity test?

Yes. In the September 2026 screening argenx holds an overall PASS, which a stock only earns when its core business clears the activity screen. 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 argenx's income Halal?

Yes, within AAOIFI's tolerance. argenx'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 96.28% tells holders of ARGX what share of each dividend to keep and what remainder to donate to charity.

Does argenx 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 ARGX 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

Frequently asked questions

Is argenx SE ARGX stock halal to invest in?

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How often is argenx SE ARGX reviewed for Shariah compliance?

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Does argenx SE ARGX pass the AAOIFI Non Permissible Income criteria?

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Does argenx SE ARGX pass the AAOIFI Interest Bearing Investments criteria?

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Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

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How can I check the latest Shariah compliance status of argenx SE stock?

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Can the Shariah compliance status of argenx SE stock change?

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ADGM building in Abu Dhabi
AAOIFI Shariah standards
Tabadulat Shariah Supervisory Board

Meet the Scholars Who Oversee Tabadulat

Our Shariah Supervisory Board brings together respected Islamic scholars who oversee our products and operations, ensuring Shariah compliance remains central to everything we do.

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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