
Is Xencor (XNCR) stock Halal?
September 2026 AAOIFI screening result for Xencor, Inc. (XNCR): non-permissible income, fail. Interest-bearing investments, fail. Interest-bearing debt, pass. Preference shares, pass. Xencor, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Xencor is a biopharmaceutical company dedicated to the development of engineered monoclonal antibodies for the treatment of cancer and autoimmune disorders. Its pioneering approach involves engineering the Fc (fragment crystallizable) domain of antibodies, utilizing XmAb technology to enhance potency, regulate immune cell engagement, and improve half-life. Xencor’s products gain recognition for their potential to optimize therapeutic profiles by increasing immune system activity and improving patient outcomes. Before any of that matters to a Muslim investor, one question comes first: is Xencor stock Halal?
Is Xencor Shariah compliant?
The Shariah case on a technology company like Xencor 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 Xencor pass the business activity test?
The activity screen is only part of the picture this month: Xencor 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 Xencor's income Halal?
No. Xencor'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 Xencor 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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