Is Relmada Therapeutics, Inc. RLMD stock Halal to invest in?

No, as of September 2026, Relmada Therapeutics, Inc. stock (RLMD) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Relmada Therapeutics, Inc. currently does not meet the threshold for the non-permissible income and interest-bearing investments screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Relmada Therapeutics, Inc. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Relmada Therapeutics, Inc. RLMD reviewed for Shariah compliance?

Tabadulat reviews Relmada Therapeutics, Inc. RLMD 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screening ensures the status shown for Relmada Therapeutics, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Relmada Therapeutics, Inc. RLMD pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Relmada Therapeutics, Inc. stock (RLMD) does not pass 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. Relmada Therapeutics, Inc.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Relmada Therapeutics, Inc. RLMD pass the AAOIFI Interest Bearing Investments criteria?

No, as of September 2026, Relmada Therapeutics, Inc. stock (RLMD) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Relmada Therapeutics, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from Riba-based instruments for the stock to qualify as Halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Relmada Therapeutics, Inc. RLMD pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Relmada Therapeutics, Inc. stock (RLMD) 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, Relmada Therapeutics, Inc.'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 Relmada Therapeutics, Inc. RLMD stock?

Relmada Therapeutics, Inc. (RLMD) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Relmada Therapeutics, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Relmada Therapeutics, Inc. RLMD pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Relmada Therapeutics, Inc. stock (RLMD) 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. Relmada Therapeutics, Inc. 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 Relmada Therapeutics (RLMD) stock Halal?

NASDAQ

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Relmada Therapeutics, Inc. (RLMD): non-permissible income, fail. Interest-bearing investments, fail. Interest-bearing debt, pass. Preference shares, pass. Relmada Therapeutics, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Healthcare

Industry:

Biotechnology

Employees:

Website:

https://www.relmada.com

Market cap:

$484M

P/E ratio:

Dividend yield:

52-week range:

$1.13 - $8.00

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Relmada Therapeutics is a clinical-stage biotechnology company dedicated to the development of treatments for neurological and psychiatric disorders. With a strong focus on addressing central nervous system ailments, the company aims to innovate through novel therapies that improve patient outcomes. Relmada's flagship pipeline product is centered around a unique formulation designed to treat major depressive disorder, a pervasive mental health challenge. Before any of that matters to a Muslim investor, one question comes first: is Relmada Therapeutics stock Halal?

Is Relmada Therapeutics Shariah compliant?

The Shariah case on a technology company like Relmada Therapeutics 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 Relmada Therapeutics pass the business activity test?

The activity screen is only part of the picture this month: Relmada Therapeutics 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 Relmada Therapeutics' income Halal?

No. Relmada Therapeutics' 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 Relmada Therapeutics 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

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