What is Harmony Biosciences Holdings, Inc.'s Shariah compliance score?

Harmony Biosciences Holdings, Inc.'s (HRMY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Harmony Biosciences Holdings, Inc. pass AAOIFI screening?

Harmony Biosciences Holdings, Inc. (HRMY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (HRMY: 7.9%), (3) interest-bearing deposits below 30% (HRMY: 37.4%), and (4) prohibited income below 5% (HRMY: 3.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Harmony Biosciences Holdings, Inc. stock?

Harmony Biosciences Holdings, Inc. (HRMY) has a non-permissible income ratio of 2.97%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HRMY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Harmony Biosciences Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Harmony Biosciences Holdings, Inc. (HRMY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HRMY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HRMY: Is Harmony Biosciences Holdings, Inc. Halal?

Harmony Biosciences Holdings, Inc.

NASDAQHealthcareUS

$30.91

-2.83%

Market Cap: 1.8B

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Harmony Biosciences Holdings, Inc. (HRMY) halal? Not Halal. Based on AAOIFI screening, Harmony Biosciences Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

7.9% of 30.0% limit

What this means for you

Most scholars advise not holding HRMY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Harmony Biosciences Holdings, Inc.

Harmony Biosciences Holdings, Inc., a commercial-stage pharmaceutical company, develops and commercializes therapies for patients with rare neurological disorders in the United States. Its product, WAKIX is a medication for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. The company was formerly known as Harmony Biosciences II, Inc. and changed its name to Harmony Biosciences Holdings, Inc. in February 2020. Harmony Biosciences Holdings, Inc. was incorporated in 2017 and is based in Plymouth Meeting, Pennsylvania.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Healthcare

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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LYC Healthcare Bhd

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TMC Life Sciences Bhd

$0.47

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Malaysian Genomics Resource Centre Bhd

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+0.00%

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Frequently Asked Questions

Is Harmony Biosciences Holdings, Inc. (HRMY) halal to invest in?

Harmony Biosciences Holdings, Inc. (HRMY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Harmony Biosciences Holdings, Inc. get a F compliance rating?

Harmony Biosciences Holdings, Inc. (HRMY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7.9% (limit 30%); interest-bearing deposits of 37.4% (limit 30%); prohibited income of 2.97% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Harmony Biosciences Holdings, Inc.'s Shariah verdict?

Harmony Biosciences Holdings, 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 Harmony Biosciences Holdings, Inc. re-screened for Shariah compliance?

Harmony Biosciences Holdings, Inc. (HRMY) 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: Jul 13, 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.