KalVista Pharmaceuticals, Inc.

KALV: Is KalVista Pharmaceuticals, Inc. Halal?

KalVista Pharmaceuticals, Inc.

NASDAQHealthcareUS

$27.00

+0.00%

Market Cap: 1.4B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

10.5% of 30.0% limit

What this means for you

Most scholars advise not holding KALV

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About KalVista Pharmaceuticals, Inc.

KalVista Pharmaceuticals, Inc. is a clinical stage pharmaceutical company, which engages in the discovery, development, and commercialization of small molecule protease inhibitors for diseases with significant unmet need. Its product candidates are inhibitors of plasma kallikrein being developed for two indications: Sebetralstat for HAE and Factor XIIa. The company was founded by T. Andrew Crockett, Edward P. Feener, and Lloyd Paul Aiello on March 26, 2004 and is headquartered in Framingham, MA.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

  1. Not Halalnow

    since Jul 2026

  2. Doubtful

    until the change above

  3. Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is KalVista Pharmaceuticals, Inc. (KALV) halal to invest in?
KalVista Pharmaceuticals, Inc. (KALV) 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 KalVista Pharmaceuticals, Inc. get a F compliance rating?
KalVista Pharmaceuticals, Inc. (KALV) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 10.5% (limit 30%); interest-bearing deposits of 20.9% (limit 30%); prohibited income of 11.80% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change KalVista Pharmaceuticals, Inc.'s Shariah verdict?
KalVista Pharmaceuticals, 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 KalVista Pharmaceuticals, Inc. re-screened for Shariah compliance?
KalVista Pharmaceuticals, Inc. (KALV) 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 20, 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.