
Is Mirum Pharmaceuticals (MIRM) stock Halal?
September 2026 AAOIFI screening result for Mirum Pharmaceuticals, Inc. (MIRM): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 97.86%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Mirum Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing innovative therapies for rare diseases. Its primary objective is to address unmet medical needs, particularly in the sphere of liver diseases where few treatment options exist. Mirum is especially recognized for its work on conditions like Alagille syndrome, a rare genetic disorder affecting the liver, heart, and other parts of the body. Before any of that matters to a Muslim investor, one question comes first: is Mirum Pharmaceuticals stock Halal?
Is Mirum Pharmaceuticals Shariah compliant?
The Shariah case on a technology company like Mirum Pharmaceuticals 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 Mirum Pharmaceuticals pass the business activity test?
Yes. In the September 2026 screening Mirum Pharmaceuticals holds an overall PASS, which a stock only earns when its core business clears the activity screen. 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 Mirum Pharmaceuticals' income Halal?
Yes, within AAOIFI's tolerance. Mirum Pharmaceuticals' 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 97.86% tells holders of MIRM what share of each dividend to keep and what remainder to donate to charity.
Does Mirum Pharmaceuticals 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 MIRM 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 Why a Halal Stock Screener Matters for Halal Investing



