What is HealthEquity, Inc.'s Shariah compliance score?

HealthEquity, Inc. (HQY) has a Shariah compliance score of 83/100 (Grade: A, Very Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does HealthEquity, Inc. pass AAOIFI screening?

HealthEquity, Inc. (HQY) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HQY's debt-to-market-cap is 12.3%.

How much purification is needed for HealthEquity, Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for HealthEquity, Inc. (HQY) using the latest financial data.

Where can I screen HealthEquity, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for HealthEquity, Inc. (HQY) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

Very Good

83Score

Is HealthEquity, Inc. (HQY) halal? Halal. Based on AAOIFI screening, HealthEquity, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

Quote this verdict

HalalScreener rates HealthEquity, Inc. (HQY) Halal, 83/100, grade A under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/HQY

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

12.3% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own HQY

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened HQY's prohibited income, but the exact share you would need to purify is part of Pro.

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HQY: Is HealthEquity, Inc. Halal?

HealthEquity, Inc.

NASDAQHealthcareUS

$92.03

Market Cap: 7.6B

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About HealthEquity, Inc.

Headquartered in Draper, Utah, and established in 2002, HealthEquity, Inc. furnishes technology-powered service platforms to both individual consumers and employers across the United States. The company provides cloud-based solutions designed to assist individuals in overseeing their healthcare expenditures and savings. These platforms enable users to make informed decisions about their health finances, pay medical bills, compare treatment options and costs, access personalized benefits and clinical data, earn incentives for wellness, and grow their savings through various investment avenues, including specific investment choices. In addition to these personal financial management tools, HealthEquity administers a range of health-related accounts, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). Its offerings also encompass a mutual fund investment platform, an automated online advisory service known as Advisor, COBRA continuation services, and the management of pre-tax commuter benefits programs. HealthEquity markets its services through a dedicated direct sales team, collaborates with benefits brokers and advisors, and leverages a comprehensive network comprising health plans, benefits administrators, consultants, and retirement plan record-keepers.

Sector: Healthcare · Industry: Medical - Healthcare Information Services

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 14, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Jun 2026
Doubtful
until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: Q2 2027Data source: EDGAR

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Frequently Asked Questions

Is HealthEquity, Inc. (HQY) halal to invest in?

Based on AAOIFI Standard 21 screening, HealthEquity, Inc. (HQY) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did HealthEquity, Inc. get a A compliance rating?

HealthEquity, Inc. (HQY) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change HealthEquity, Inc.'s Shariah verdict?

HealthEquity, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is HealthEquity, Inc. re-screened for Shariah compliance?

HealthEquity, Inc. (HQY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.