Is Disc Medicine (IRON) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Disc Medicine (IRON) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 34.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 2 October 2026.
Disc Medicine is not compliant 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% | 1.26% | Pass |
| Cash and interest-bearing investments | 30% | 34.19% | Fail |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 98.05% | Review |
Key Findings & Observations
- Cash and interest-bearing investments are 34.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3).Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The figures needed were not available.Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: Almost all of the company’s assets are cash, investments and receivables, so it may be a cash shell. Check what it does before investing.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 Disc Medicine, Inc. (IRON)
Is Disc Medicine (IRON) stock halal?▾
No. Disc Medicine (IRON) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 34.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 2 October 2026.
What is Disc Medicine'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. Disc Medicine's ratio is about 1.3%.
How much dividend purification is required for Disc Medicine (IRON) stock?▾
Disc Medicine does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Disc Medicine 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. Disc Medicine'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.