
Is SAB Biotherapeutics (SABS) stock Halal?
September 2026 AAOIFI screening result for SAB Biotherapeutics, Inc. (SABS): non-permissible income, fail. Interest-bearing investments, fail. Interest-bearing debt, pass. Preference shares, pass. SAB Biotherapeutics, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
SAB Biotherapeutics is a biotechnology company dedicated to developing advanced immunotherapies through its innovative platform for producing polyclonal antibodies. The primary purpose of the company is to harness the power of the human immune system to treat and prevent a wide range of infectious diseases and immune system disorders. Sab Biotherapeutics has developed a proprietary technology that uses transgenic cattle to produce fully human antibodies, offering a scalable and efficient process to meet the demand for antibody therapies. Before any of that matters to a Muslim investor, one question comes first: is SAB Biotherapeutics stock Halal?
Is SAB Biotherapeutics Shariah compliant?
The Shariah case on a technology company like SAB Biotherapeutics 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 SAB Biotherapeutics pass the business activity test?
The activity screen is only part of the picture this month: SAB Biotherapeutics 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 SAB Biotherapeutics' income Halal?
No. SAB Biotherapeutics' 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 SAB Biotherapeutics 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.
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