
Is Celularity (CELU) stock Halal?
September 2026 AAOIFI screening result for Celularity, Inc. (CELU): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Celularity, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Celularity is a biotechnology company that specializes in developing off-the-shelf placental-derived allogeneic cell therapies for cancer and other serious diseases. The primary focus of the company is to harness the unique properties of postpartum placental cells to create advanced cellular therapies. These innovative solutions aim to address unmet medical needs in immuno-oncology, infectious diseases, and degenerative diseases. Before any of that matters to a Muslim investor, one question comes first: is Celularity stock Halal?
Is Celularity Shariah compliant?
The Shariah case on a technology company like Celularity 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 Celularity pass the business activity test?
The activity screen is only part of the picture this month: Celularity currently fails the interest-bearing debt 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 Celularity's income Halal?
Yes, within AAOIFI's tolerance. Celularity's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Celularity meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds 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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