Is Medtronic Plc MDT stock halal to invest in?

Yes, as of August 2026, Medtronic Plc stock (MDT) is 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. Medtronic Plc currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 98.48%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Medtronic Plc and explore other Shariah compliant stocks in the Tabadulat app.

How often is Medtronic Plc MDT reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Medtronic Plc reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Medtronic Plc stock (MDT) 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. Medtronic Plc'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 Medtronic Plc MDT pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Medtronic Plc stock (MDT) 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). Medtronic Plc'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 Medtronic Plc MDT pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Medtronic Plc stock (MDT) 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. Medtronic Plc'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 Medtronic Plc MDT stock?

As of August 2026, the dividend purification factor for Medtronic Plc (MDT) is 98.48%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Medtronic Plc dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Medtronic Plc MDT pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Medtronic Plc stock (MDT) 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. Medtronic Plc 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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Medtronic Plc

NYSE

Shariah-Compliant

Not Shariah

MDT

About

Medtronic Plc

MDT

Medtronic plc is a leading global healthcare technology company that designs, manufactures, and sells innovative medical devices and therapies used in various medical procedures. The primary function of Medtronic is to improve healthcare outcomes by providing advanced therapeutic solutions. Its extensive product portfolio includes cardiac and vascular devices, diabetes-related products, minimally invasive therapies, and neurosurgical technologies. Medtronic plays a vital role in the medical device industry, catering to cardiovascular treatment, advanced diabetes management, spinal and musculoskeletal therapy, and more. Notably, the company is renowned for its pacemaker technology and is a pivotal player in cardiac care. The company's innovations significantly impact the healthcare sector by enhancing the quality of life for patients worldwide and improving the effectiveness of medical treatments. As a key player in the medical device market, Medtronic is instrumental in setting industry standards and advancing medical technology through continuous research and development. Founded in 1949 and headquartered in Dublin, Ireland, Medtronic's global presence underscores its substantial contribution to the healthcare industry across various continents.

Sector:

Healthcare

Industry:

Medical Devices

Employees:

95000

Website:

https://www.medtronic.com

MDT

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Medtronic Plc

About

Medtronic Plc

MDT

Frequently asked questions

Is Medtronic Plc MDT stock halal to invest in?

How often is Medtronic Plc MDT reviewed for Shariah compliance?

Does Medtronic Plc MDT pass the AAOIFI Non Permissible Income criteria?

Does Medtronic Plc MDT pass the AAOIFI Interest Bearing Investments criteria?

Does Medtronic Plc MDT pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Medtronic Plc MDT stock?

Does Medtronic Plc MDT pass the AAOIFI Preference Share screen?

How do I buy Medtronic (MDT) stock?

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