
Is Cytokinetics (CYTK) stock Halal?
Cytokinetics, Inc. (CYTK) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income screen. Tabadulat re-screens CYTK monthly, and a stock can return to compliance when new financial reports change its ratios.
Cytokinetics is a biopharmaceutical company specializing in the discovery, development, and commercialization of innovative muscle activators and inhibitors. Its primary mission is to address diseases marked by impaired or declining muscle performance, targeting both cardiac and skeletal muscle disorders. Cytokinetics’ research is at the forefront of muscle biology, with a robust pipeline focusing on small molecule drug candidates designed to modulate muscle function and contractility. Before any of that matters to a Muslim investor, one question comes first: is Cytokinetics stock Halal?
Is Cytokinetics Shariah compliant?
The Shariah case on a technology company like Cytokinetics 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 Cytokinetics pass the business activity test?
The activity screen is only part of the picture this month: Cytokinetics 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 Cytokinetics' income Halal?
No. Cytokinetics' 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 Cytokinetics 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 CYTK 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.
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