Is Innate Pharma SA IPHA stock halal to invest in?

No, as of August 2026, Innate Pharma SA stock (IPHA) 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. Innate Pharma SA currently does not meet the threshold for the non-permissible income screen. 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 Innate Pharma SA and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Innate Pharma SA IPHA reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Innate Pharma SA reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Innate Pharma SA stock (IPHA) does not pass 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. Innate Pharma SA's income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Innate Pharma SA IPHA pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Innate Pharma SA stock (IPHA) passes 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. This limit ensures shareholders are not materially profiting from riba (interest). Innate Pharma SA's interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Innate Pharma SA IPHA pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Innate Pharma SA stock (IPHA) passes 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. This cap limits shareholders' exposure to interest-based leverage. Innate Pharma SA's interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Innate Pharma SA IPHA stock?

Innate Pharma SA (IPHA) 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 Innate Pharma SA returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Innate Pharma SA IPHA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Innate Pharma SA stock (IPHA) 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. Innate Pharma SA 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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Innate Pharma SA

NASDAQ

Shariah-Compliant

Not Shariah

IPHA

About

Innate Pharma SA

IPHA

Innate Pharma S.A. Sponsored ADR is a security that allows investors in the United States to gain exposure to Innate Pharma, a biotechnology company based in France. Innate Pharma focuses on developing innovative immunotherapies for cancer treatment. Its primary function is to support its R&D endeavors in pioneering therapeutic solutions by leveraging the body's immune system to target and eliminate cancerous cells. Key areas of impact include oncology and immunology sectors, addressing high unmet medical needs. The sponsored ADR represents multiple ordinary shares and trades on the NASDAQ, offering U.S. investors a practical means of investing in foreign companies. The ADR facilitates capital flow and provides a simplified tax treatment benefit while enabling easier currency exchange. Innate Pharma's significance in the financial market extends from delivering potentially groundbreaking cancer treatments to contributing to the global biotech landscape by expanding its reach and increasing its capital through the U.S. financial arenas.

Sector:

Healthcare

Industry:

Biotechnology

Employees:

174

Website:

https://www.innate-pharma.com

IPHA

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Innate Pharma SA

About

Innate Pharma SA

IPHA

Frequently asked questions

Is Innate Pharma SA IPHA stock halal to invest in?

How often is Innate Pharma SA IPHA reviewed for Shariah compliance?

Does Innate Pharma SA IPHA pass the AAOIFI Non Permissible Income criteria?

Does Innate Pharma SA IPHA pass the AAOIFI Interest Bearing Investments criteria?

Does Innate Pharma SA IPHA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Innate Pharma SA IPHA stock?

Does Innate Pharma SA IPHA pass the AAOIFI Preference Share screen?

Can I buy Innate Pharma (IPHA) stock on Tabadulat?

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