Is Health Catalyst, Inc. HCAT stock halal to invest in?

No, as of August 2026, Health Catalyst, Inc. stock (HCAT) 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. Health Catalyst, Inc. currently does not meet the threshold for the interest-bearing investments and interest-bearing debt 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 Health Catalyst, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Health Catalyst, Inc. HCAT reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Health Catalyst, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Health Catalyst, Inc. stock (HCAT) passes 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. Health Catalyst, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Health Catalyst, Inc. HCAT pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Health Catalyst, Inc. stock (HCAT) 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. Health Catalyst, 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 Health Catalyst, Inc. HCAT pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Health Catalyst, Inc. stock (HCAT) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Health Catalyst, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Health Catalyst, Inc. HCAT stock?

Health Catalyst, Inc. (HCAT) 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 Health Catalyst, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Health Catalyst, Inc. HCAT pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Health Catalyst, Inc. stock (HCAT) 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. Health Catalyst, 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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Health Catalyst, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

HCAT

About

Health Catalyst, Inc.

HCAT

Health Catalyst Inc. is a technology company that provides data and analytics solutions to healthcare organizations. Its primary function is to help healthcare providers improve clinical and financial outcomes by leveraging data-driven insights. The company offers a comprehensive software platform known as Data Operating System (DOS), which aggregates and analyzes vast amounts of healthcare data. This platform supports a range of applications, including quality improvement, patient safety, and operational efficiency. Health Catalyst Inc. serves various sectors within the healthcare industry, including hospitals, physician practices, and health systems. The solutions provided by Health Catalyst aim to enhance decision-making processes by providing actionable insights that help reduce costs, improve patient care, and streamline operations. In the financial market, Health Catalyst Inc. is recognized for its vital role in the digital transformation of healthcare, marked by its innovative approach to utilizing big data. As healthcare systems increasingly adopt technological solutions to optimize their practices, Health Catalyst stands as a significant player, enabling institutions to harness the power of data to achieve better outcomes.

Sector:

Healthcare

Industry:

Health Information Services

Employees:

1500

Website:

https://www.healthcatalyst.com

HCAT

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Health Catalyst, Inc.

About

Health Catalyst, Inc.

HCAT

Frequently asked questions

Is Health Catalyst, Inc. HCAT stock halal to invest in?

How often is Health Catalyst, Inc. HCAT reviewed for Shariah compliance?

Does Health Catalyst, Inc. HCAT pass the AAOIFI Non Permissible Income criteria?

Does Health Catalyst, Inc. HCAT pass the AAOIFI Interest Bearing Investments criteria?

Does Health Catalyst, Inc. HCAT pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Health Catalyst, Inc. HCAT stock?

Does Health Catalyst, Inc. HCAT pass the AAOIFI Preference Share screen?

Can I buy Health Catalyst (HCAT) stock on Tabadulat?

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