Is Amgen Inc. (AMGN) stock halal?

Yes, under our AAOIFI-based methodology Amgen Inc. passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-03-31). Check the dated ratio table before investing; ratios move with the share price.

Does Amgen Inc. pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 29.9% of market cap (limit < 30%); cash plus interest-bearing securities is 6.3% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page.

Is Amgen Inc. held in halal ETFs like SPUS or HLAL?

Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses.

Do I need to purify dividends from Amgen Inc.?

Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income.

Is Amgen Stock Halal? Amgen Inc. (AMGN) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.3% — both inside the 30% AAOIFI thresholds. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified. Reviewed 2026-06-14. Published by HalalWallet.

Is Amgen Stock Halal?

Q: Is Amgen Stock Halal?

Halal screening authorities disagree on Amgen Inc.: halal (HalalWallet (AAOIFI)); not halal (Musaffa). Halal: Amgen Inc. (AMGN) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.3% — both inside the 30% AAOIFI thresholds. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: Is Amgen Inc. held in halal ETFs like SPUS or HLAL?

Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses.

Q: Do I need to purify dividends from Amgen Inc.?

Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income.

Amgen Inc. · AMGN · NASDAQ

HalalGenerally permissible2 authorities — split

Halal screening authorities disagree on Amgen Inc.: halal (HalalWallet (AAOIFI)); not halal (Musaffa).

Amgen Inc. (AMGN) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.3% — both inside the 30% AAOIFI thresholds. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Do the halal screening authorities agree?

Authorities disagree2 of 5 authorities with a published position

HalalWallet (AAOIFI)· Halal
Musaffa· Not halal

Halal screening authorities disagree on Amgen Inc.: halal (HalalWallet (AAOIFI)); not halal (Musaffa).

Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.

Is Amgen Stock Halal?

Halal screening authorities disagree on Amgen Inc.: halal (HalalWallet (AAOIFI)); not halal (Musaffa). Amgen Inc. (AMGN) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.3% — both inside the 30% AAOIFI thresholds. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.

Interest-bearing debt / market cap: 29.9% (< 30%) — Pass
Cash + interest-bearing securities / market cap: 6.3% (< 30%) — Pass
Impermissible income / total revenue: — (< 5%) — Pass
Mainstream Shariah standards disagree on this company — see the cross-standard table below.
Financial ratios sourced from filings as of 2026-03-31.

How we read the evidence

HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The screening question on this name turns on its revenue mix — review the latest 10-K segment disclosure to confirm.

On AAOIFI financial ratios as of 2026-03-31: interest-bearing debt is 29.9% of market cap, cash plus interest-bearing securities 6.3%, and filing-verified impermissible income — (FMP reports zero separate interest income; net other expense $(1.7)B is not riba income. Interest income immaterial — we…) — against 30%/30%/5% limits on our screen.

Zoya's public page did not return a clear status when we checked (checked 2026-06-15). Musaffa lists it NOT HALAL. U.S. Shariah ETFs SPUS and HLAL publish holdings on their own schedules — absence from a top-holdings list is not the same as a failed screen; verify current ETF holdings if index validation matters to you.

Practical takeaway: business activity passes on our reading, ratios pass on dated figures above, and major retail screeners lean compliant — still re-check after each 10-K, purify incidental interest income from dividends, and avoid margin or options on the position.

Business Activity Screen

Pass

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience. Its extensive portfolio features a range of significant pharmaceutical products.

FMP reports zero separate interest income; net other expense $(1.7)B is not riba income. Interest income immaterial — well under 5%. (Amgen FY2025 10-K.)

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	29.9%	< 30%	Pass
Cash + interest-bearing securities / market cap	6.3%	< 30%	Pass
Impermissible income / total revenueFMP reports zero separate interest income; net other expense $(1.7)B is not riba income. Interest income immaterial — well under 5%. (Amgen FY2025 10-K.)	—	< 5%	Pass

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.

This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →

How Amgen screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	29.9%	6.3%	< 30% of market cap	Pass
Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison.	29.9%	6.3%	< 33% of market cap	Pass
MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce.	62.0%	13.0%	< 33.33% of total assets	Fail

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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