
Is iBio (IBIO) stock Halal?
iBio, Inc. (IBIO) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income and interest-bearing investments screens. Tabadulat re-screens IBIO monthly, and a stock can return to compliance when new financial reports change its ratios.
iBio iBio is a biotechnology company that focuses on the development and commercialization of plant-based biopharmaceuticals. Leveraging proprietary technologies and a unique platform called FastPharming, iBio accelerates the production of recombinant proteins for use in vaccines, therapeutics, and diagnostics. This platform capitalizes on the rapid growth and scalability of plants to offer a sustainable alternative to traditional drug manufacturing. iBio's operations are particularly relevant in healthcare sectors addressing urgent needs, such as infectious disease prevention and cancer treatment. Before any of that matters to a Muslim investor, one question comes first: is iBio stock Halal?
Is iBio Shariah compliant?
The Shariah case on a technology company like iBio 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 iBio pass the business activity test?
The activity screen is only part of the picture this month: iBio 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 iBio's income Halal?
No. iBio'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 iBio 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.
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



