
Is Cardiff Oncology (CRDF) stock Halal?
September 2026 AAOIFI screening result for Cardiff Oncology, Inc. (CRDF): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Cardiff Oncology, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Cardiff Oncology is a biotechnology company focused on the development of precision medicine therapies for cancer treatment. The primary purpose of the organization is to create innovative oncological solutions that target specific genetic profiles of tumors, aiming to improve outcomes for cancer patients. Cardiff Oncology's flagship product, Onvansertib, is an oral and highly-selective Polo-like Kinase 1 (PLK1) inhibitor currently undergoing clinical trials for various malignancies, including colorectal cancer, castration-resistant prostate cancer, and acute myeloid leukemia. Before any of that matters to a Muslim investor, one question comes first: is Cardiff Oncology stock Halal?
Is Cardiff Oncology Shariah compliant?
The Shariah case on a technology company like Cardiff Oncology 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 Cardiff Oncology pass the business activity test?
The activity screen is only part of the picture this month: Cardiff Oncology 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 Cardiff Oncology's income Halal?
No. Cardiff Oncology's 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 Cardiff Oncology 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 CRDF re-screened every month, and the result above always shows the latest verdict.
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