Is ANI Pharmaceuticals (ANIP) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. ANI Pharmaceuticals (ANIP) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: The figures give 19.4% and 38.7%, on either side of the limit. We show this as Needs Review rather than guess. Last checked 20 September 2026.
ANI Pharmaceuticals needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 38.72% | Review |
| Cash and interest-bearing investments | 30% | 17.92% | Pass |
| Prohibited income | 5% | 1.42% | Pass |
| Not just cash and debts | 90% | 39.34% | Pass |
Key Findings & Observations
- The interest-bearing debt test couldn’t be settled: The figures give 19.4% and 38.7%, on either side of the limit.Source: AAOIFI Shari'ah Standard 21
Get an email when verdicts change
One email a month. No spam, unsubscribe any time.
Frequently Asked Questions about ANI Pharmaceuticals, Inc. (ANIP)
Is ANI Pharmaceuticals (ANIP) stock halal?▾
Not settled. ANI Pharmaceuticals (ANIP) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: The figures give 19.4% and 38.7%, on either side of the limit. We show this as Needs Review rather than guess. Last checked 20 September 2026.
What is ANI Pharmaceuticals's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. ANI Pharmaceuticals's ratio is about 38.7%.
How much dividend purification is required for ANI Pharmaceuticals (ANIP) stock?▾
Under AAOIFI Shari’ah Standard 21, shareholders should give away the part of their income that comes from prohibited sources: at most $0.5443 per share for the latest financial year. This is an upper estimate: the exact figure is not reported, so it is the most the amount could be. The amount goes to charity, without counting it as one's own donation.
Does ANI Pharmaceuticals operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. ANI Pharmaceuticals's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
Other Halal & Shariah-compliant Healthcare Stocks
Explore other screened equities in the Healthcare sector.
Track your entire portfolio for Halal / Islamic compliance
Check whether your stocks, ETFs, and 401(k) holdings comply with AAOIFI Shari’ah Standard 21. Save stocks and keep every holding’s verdict in one place.