Is Cellectis (CLLS) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Cellectis SA (CLLS) does not meet the threshold for the non-permissible income and interest-bearing investments screens as of September 2026, so it is not Shariah compliant.
Cellectis represents American Depositary Receipts of the French biotechnology company Cellectis S.A. This company specializes in the development of gene-editing technologies, particularly focusing on allogeneic CAR-T cell therapies for the treatment of cancer. Cellectis utilizes its proprietary TALEN (Transcription Activator-Like Effector Nucleases) technology to precisely edit genes, aiming to harness the power of modified immune cells to target and destroy malignancies. For Muslim investors, though, the most pressing question is simpler: is Cellectis a Halal investment?
Is Cellectis 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 Cellectis 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 Cellectis pass the business activity test?
The activity screen is only part of the picture this month: Cellectis 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 Cellectis' income Halal?
No. Cellectis' 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 Cellectis 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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