
Is Tempest Therapeutics (TPST) stock Halal?
September 2026 AAOIFI screening result for Tempest Therapeutics, Inc. (TPST): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Tempest Therapeutics, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Tempest Therapeutics is a biopharmaceutical company focused on developing innovative therapies designed to exploit the immune system for cancer treatment. Its primary function is the advancement of oncology programs centered on modulating key immune response pathways that are often dysregulated in cancer. Tempest Therapeutics targets various indications in the immune-oncology landscape, with a pipeline that includes both proprietary small molecules and therapeutic combinations. Before any of that matters to a Muslim investor, one question comes first: is Tempest Therapeutics stock Halal?
Is Tempest Therapeutics Shariah compliant?
The Shariah case on a technology company like Tempest 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 Tempest Therapeutics pass the business activity test?
The activity screen is only part of the picture this month: Tempest Therapeutics currently fails the non-permissible income screen, 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 Tempest Therapeutics' income Halal?
No. Tempest 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 Tempest Therapeutics 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 TPST re-screened every month, and the result above always shows the latest verdict.
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