Healthcare · Biotechnology

Is Elicio Therapeutics, Inc. (ELTX) Stock Halal?

Shariah Compliance Across 5 Standards — Live

NON-COMPLIANTMarket cap $49.7M
Screened 2026-09-20Halal Terminal screening engineSource: latest public financial filings
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Shariah Compliance Verdict — 5 Standards

AAOIFI (Shari'ah Standard 21)market-cap basis

cash/MC 47.3% > 30%

NON-COMPLIANT

Dow Jones Islamic Marketmarket-cap basis

missing: interest_ratio

UNDER REVIEW

FTSE Shariah (Yasaar)total-assets basis

cash/assets 74.9% > 33%

NON-COMPLIANT

MSCI Islamictotal-assets basis

cash/assets 74.9% > 33%

NON-COMPLIANT

S&P Shariahmarket-cap basis

missing: interest_ratio

UNDER REVIEW

Live verdicts from the Halal Terminal screening engine, recomputed against the issuer's latest filings.

Plain-English Summary

Fails AAOIFI, FTSE, MSCI on cash/MC 47.3% > AAOIFI 30%; cash/assets 74.9% > FTSE 33%, MSCI 33%. DJIM, S&P insufficient data (missing: interest_ratio).

Business Activity Screen

Business activity is compliant.

Financial Ratios

Interest-bearing debt / market cap

AAOIFI ≤30% · DJIM/S&P <33% (trailing-avg MC)

20.1%

Cash & interest-bearing / market cap

AAOIFI ≤30% of market cap

47.3%

Debt / total assets

FTSE/MSCI <33.33% of total assets

31.9%

Cash & interest-bearing / total assets

FTSE/MSCI <33.33% of total assets

74.9%

Raw ratios from the latest filings — each methodology applies its own basis and thresholds (see the verdict box above for per-standard outcomes).

Balance-Sheet Trajectory (8 Quarters)

Quarter endDebt / assetsCash / assetsReceivables + cash / assets
2024-09-3052.2%67.8%67.8%
2024-12-3171.1%62.5%62.5%
2025-03-3171.2%65.2%65.2%
2025-06-3031.6%74.8%74.8%
2025-09-3034.4%72.9%72.9%
2025-12-3138.7%71.8%71.8%
2026-03-3141.8%65.9%65.9%
2026-06-3030.4%74.9%74.9%

A stock that has screened comfortably for eight straight quarters is a different story from one that crossed a threshold last quarter — trajectory shows which one this is.

Frequently Asked Questions

Is Elicio Therapeutics, Inc. (ELTX) halal to invest in?

Elicio Therapeutics, Inc. currently screens as non-compliant on the Halal Terminal engine. The verdict is recomputed against the issuer's latest financial filings and all five major methodologies (AAOIFI, DJIM, FTSE, MSCI, S&P) — see the per-standard breakdown above. This is a data-driven application of published standards, not a fatwa.

Is ELTX compliant under AAOIFI?

No — ELTX currently fails AAOIFI screening: cash/MC 47.3% > 30%.

Do I need to purify dividends from ELTX?

A purification rate could not be computed from the latest filings; consult the methodology page for how purification works.

Why do halal screening apps disagree about ELTX?

Different services apply different ratio bases (market capitalization vs total assets), different revenue classifications, and different data vintages. This page shows both AAOIFI readings side by side and classifies revenue segments explicitly so the source of any disagreement is visible.

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Disclaimer: This page is for educational and informational purposes only and does not constitute financial or religious advice. Verdicts and figures come from the Halal Terminal screening engine, computed from the issuer's public financial filings and refreshed regularly (last screened 2026-09-20). This is a data-driven application of published Shariah standards — not a fatwa. Consult a qualified Islamic finance scholar or advisor for personalised guidance.