Is InnovAge Holding Corp. INNV stock Halal to invest in?

Yes, as of September 2026, InnovAge Holding Corp. stock (INNV) is classified as a Shariah compliant stock. Tabadulat applies AAOIFI Shariah Standard No. 21, issued by the Accounting and Auditing Organization for Islamic Financial Institutions, screening non-permissible income first and then the two interest-based ratios and the capital structure. On the latest data, InnovAge Holding Corp. passes on every count: non-permissible income under 5% of revenue, interest-bearing debt and investments each under 30% of market capitalisation, and no preference share issue. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of InnovAge Holding Corp. and explore other Shariah compliant stocks in the Tabadulat app.

How often is InnovAge Holding Corp. INNV reviewed for Shariah compliance?

Tabadulat reviews InnovAge Holding Corp. INNV for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for InnovAge Holding Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does InnovAge Holding Corp. INNV pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, InnovAge Holding Corp. stock (INNV) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. InnovAge Holding Corp.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does InnovAge Holding Corp. INNV pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, InnovAge Holding Corp. stock (INNV) passes the AAOIFI interest-bearing investments screen. Each month Tabadulat compares InnovAge Holding Corp.'s holdings in interest-earning instruments, such as conventional deposits, bonds and treasury bills, against AAOIFI's 30% market capitalisation cap. The current screening shows the company inside the limit. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does InnovAge Holding Corp. INNV pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, InnovAge Holding Corp. stock (INNV) passes the AAOIFI interest-bearing debt screen. AAOIFI tolerates some conventional borrowing but draws the line at 30% of market capitalisation. On the latest data, InnovAge Holding Corp.'s interest-bearing debt stays below the line. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for InnovAge Holding Corp. INNV stock?

The dividend purification factor for InnovAge Holding Corp. (INNV) stands at 100% in the September 2026 screening. In plain terms, 100% of a INNV dividend is retained, and the remainder reflects incidental non-permissible income, typically interest on corporate cash, which Halal investors donate to charity (Tazkiyah). AAOIFI methodology asks for purification even on fully compliant stocks. The factor is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does InnovAge Holding Corp. INNV pass the AAOIFI Preference Share screen?

Yes, as of September 2026, InnovAge Holding Corp. stock (INNV) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. InnovAge Holding Corp. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is InnovAge (INNV) stock Halal?

NASDAQ

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for InnovAge Holding Corp. (INNV): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 100%. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Healthcare

Industry:

Medical Care Facilities

Employees:

2440

Website:

https://www.innovage.com

Market cap:

$1.5B

P/E ratio:

162.4

Dividend yield:

52-week range:

$3.56 - $12.64

Data as of:

3 September 2026

Screening history:

September 2026: PASS

InnovAge is a premier healthcare services company, primarily focusing on providing comprehensive healthcare solutions to seniors. The company's key initiative is the Program of All-Inclusive Care for the Elderly (PACE), which seeks to enhance the quality of life for older adults by delivering holistic, integrated medical and social services. InnovAge's facilities, which include day centers, enable seniors to receive extensive healthcare and social interaction while remaining in their communities. Before any of that matters to a Muslim investor, one question comes first: is InnovAge stock Halal?

Is InnovAge Shariah compliant?

Healthcare rarely troubles the activity screen; treating illness is permissible work. For InnovAge, the AAOIFI Shariah Standard No. 21 verdict turns on the balance sheet instead: research is capital hungry, and interest bearing debt and investments must each stay below 30% of market capitalisation.

Does InnovAge pass the business activity test?

Yes. In the September 2026 screening InnovAge holds an overall PASS, which a stock only earns when its core business clears the activity screen. Treating illness is permissible work; the scrutiny belongs to the financing behind it.

Is InnovAge's income Halal?

Yes, within AAOIFI's tolerance. InnovAge's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of INNV what share of each dividend to keep and what remainder to donate to charity.

Does InnovAge 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 INNV 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.

New to the four screens? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance

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