Is RELX (RELX) stock Halal?
September 2026 AAOIFI screening result for RELX Plc (RELX): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. RELX Plc is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
RELX represents shares of Relx a global provider of information-based analytics and decision tools for professional and business users across various industries. The American Depositary Receipt (ADR) format allows US investors to hold and trade Relx shares in the US market, simplifying access to the company's stock without dealing with international exchanges. Relx operates through four primary segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. Before any of that matters to a Muslim investor, one question comes first: is RELX stock Halal?
Is RELX Shariah compliant?
Industrial businesses like RELX usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does RELX pass the business activity test?
The activity screen is only part of the picture this month: RELX currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is RELX's income Halal?
No. RELX'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 RELX 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 RELX 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 AAOIFI Standards Explained: What Makes a Stock Halal?



